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Which of the following statements is CORRECT? If a bond sells at premium (above par), then its yield to maturity is less than its coupon

Which of the following statements is CORRECT?

If a bond sells at premium (above par), then its yield to maturity is less than its coupon rate

If a bond sells at par, then its yield to maturity is more than its coupon rate

If a bond sells for less than par, then its yield to maturity is less than its coupon rate.

None of the above

Lowell Inc. just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 6.4%, and if investors' required rate of return is 11.4%, what is the stock price?

14.91

21.28

17.13

17.57

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