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Which of the following statements is correct? a. For premium bonds, YTM is always equal to the current yield b. None of the above c.

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Which of the following statements is correct? a. For premium bonds, YTM is always equal to the current yield b. None of the above c. For discount bonds, YTM will always be higher than current yield d. For a par value bond, YTM is less than current yield

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