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Which of the following is correct? The expected return on corporate bonds will generally exceed the yield to maturity. If a bond's yield to maturity
Which of the following is correct? The expected return on corporate bonds will generally exceed the yield to maturity. If a bond's yield to maturity is less than its annual coupon, then the bond will be trading at a discount. There is an inverse relationship between changes in a bond's yield to maturity and the same bond's coupon rate. If a bond's yield to maturity exceeds its annual coupon, then this bond will be trading at a premium. If a coupon bond is selling at par, its current yield equals its yield to maturity
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