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Which of the following correctly presents the relationship that exist between different yield measures? For a premium bond: coupon rate > current yield > yield
Which of the following correctly presents the relationship that exist between different yield measures?
For a premium bond: coupon rate > current yield > yield to maturity
For a par bond: coupon rate = current yield = yield to maturity
For a discount bond: coupon rate Current yield < yield to maturity < coupon rate 1 and 2 2 and 4 1,2 and 3 1,2,3 and 4
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