Which of the following statements is CORRECT a If a bond sells for less than par, then its yield to maturity is less than its coupon rate b If a bond sells at par, then its current yield will be less than its yield to maturity c Assume that two bonds have equal maturities and are of equal risk, but one bond sells at par while the other sells at a premium above par The premium bond must have a lower current yield and a higher capital gains yield than the par bond d A bond's current yield must always be either equal to its yield to maturity or between its yield to maturity and its coupon rate e A discount bond's price declines each year until it matures, when its value equals its par value

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Which of the following statements is CORRECT  a  If a bond sells for less than par, then its yield to maturity is less than its coupon rate  b  If a bond sells at par, then its current yield will be less than its yield to maturity  c  Assume that two bonds have equal maturities and are of equal risk, but one bond sells at par while the other sells at a premium above par  The premium bond must have a lower current yield and a higher capital gains yield than the par bond  d  A bond's current yield must always be either equal to its yield to maturity or between its yield to maturity and its coupon rate  e  A discount bond's price declines each year until it matures, when its value equals its par value

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Which of the following statements is CORRECT? a. If a bond sells for less than par, then its yield to maturity is less than its

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