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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 payments
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. If a bond has a market value that is HIGHER than its face value, then it is a DISCOUNT bond. d. The yield-to-maturity on the bond varies from investor to investor because each investor has his or her own required return.
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