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Today's market price of ABC's bonds is $ 1 , 0 5 0 . 5 0 . Today's yield on ABC's bonds is: a .

Today's market price of ABC's bonds is $1,050.50. Today's yield on ABC's bonds is:
a. lower than the coupon interest rate.
b. higher than the coupon interest rate.
c. equal to the coupon interest rate
d.10 percent.
e. none of the above.
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