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We define the income return of a bond as the coupon value paid out at the end of the period divided by the market price
We define the income return of a bond as the coupon value paid out at the end of the period divided by the market price at the beginning of the period. For a discount coupon paying bond, income return is expected to be (assuming no changes in yields)? O a. None of the other choices O b. More than its expected total return Oc. More than its coupon rate O d. Equal to its coupon rate
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