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Which of the following statements is CORRECT? Select one : a. The value of a bond is the present value of both the future coupon
Which of the following statements is CORRECT? Select one :
a. The value of a bond is the present value of both the future coupon payments and the face value of the bond.
b. The value of a bond is directly related to changes in the yield-to-maturity on the bond.
c. The yield-to -maturity on the bond varies from investor to investor because each investor has his or her own required return
d. If bond has a market value that is HIGHER than its face value, then it is a DISCOUNT bond.
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