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Which of these statements correctly analyze a bond's coupon rate? I. If a bond's coupon rate is higher than the market yield, the bond
Which of these statements correctly analyze a bond's coupon rate? I. If a bond's coupon rate is higher than the market yield, the bond will sell for less than its par value. II. If the bond's coupon rate is higher than the market yield, the bond's current yield is higher than its yield to maturity (YTM). III. If a bond's coupon rate is higher than the market yield, the bond will sell at a premium. IV. The only circumstance in which a bond will sell at par is if the bond's coupon rate is equal to the market yield. A) II and III B) I, III, and IV C) I and II D) I, II, and IV
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