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Why is the bond's yield to maturity less than its coupon rate? A . The bond's price is higher than its face value, which lowers

Why is the bond's yield to maturity less than its coupon rate?

.

The bond's price is higher than its face value, which lowers the bond's yield to maturity.

.

The bond's price is higher than its face value, which actually increases the bond's yield to maturity.

.

The bond's price is higher than its face value, which lowers the bond's current yield.

.

None of the above are correct.

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