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