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Which of the following statements is most correct? Why? a. All else equal, a bond that has a coupon rate of 10 percent will sell
Which of the following statements is most correct? Why?
a. All else equal, a bond that has a coupon rate of 10 percent will sell at a discount if the required return for a bond of similar risk is 8 percent.
b. The price of a discount bond will increase over time, assuming that the bond's yield to maturity remains constant over time.
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