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Which of the following statements on bond yield is true? A. When looking at yields for callable bonds, we calculate the current yield instead of

Which of the following statements on bond yield is true?

A. When looking at yields for callable bonds, we calculate the current yield instead of yield-to-maturity.

B. The investor does not need to reinvest the coupons to realize the estimated yield-to-maturity.

C. Yield-to-maturity is the net present value of all cash flows from the bond.

D. The yield of a bond may include interest payments, capital gain and income from reinvesting the coupons

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