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What is the relationship between a bondholder's rate of return and the bond's yold to maturity if he does not hold the bend until it

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What is the relationship between a bondholder's rate of return and the bond's yold to maturity if he does not hold the bend until it matures? The rale of refum will be lower than the yield to maturity. The rate of refum will be higher than the yield to maturity. The rate of retum will equal the yield to maturity. It could be higher or lower

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