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Which of the following is most likely a correct statement? I. For a premium bond, the yield to maturity = realized return. II. If the

Which of the following is most likely a correct statement?

I. For a premium bond, the yield to maturity = realized return.

II. If the coupon reinvestment rate is greater than the yield to maturity, the realized return is higher than the yield to maturity.

III. The yield to maturity represents the realized return under one condition: only if the bond is held to maturity.

None of the above

III

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