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Which of the following statements is most correct? a. If a bond's coupon rate exceeds its yield to maturity (YTM), the bond's price must be

Which of the following statements is most correct?

a.

If a bond's coupon rate exceeds its yield to maturity (YTM), the bond's price must be less than its par value (discount bond).

b.

If a bond's coupon rate exceeds its yield to maturity (YTM), the bond's price must be more than its face value (premium bond).

c.

If the price of the bond is same as par value, the yield to maturity must be the same as coupon rate (par bond).

d.

Answers b and c are both correct.

e.

None of the above answers are correct.

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