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Which of the following statements are true? (A) If a par value bond has a price that is equal to its par value, then it
Which of the following statements are true?
(A) If a par value bond has a price that is equal to its par value, then it has a yield that is equal to its coupon rate.
(B) An n-year spot rate is greater than or equal to the yield of an n-year bond.
(C) An n-year spot rate is less than or equal to the 1-year forward rate deferred for n 1 years.
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