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You are considering a bond as an investment. The current price of the bond is 97 (trading at a discount). Which of the following is
You are considering a bond as an investment. The current price of the bond is 97 (trading at a discount). Which of the following is true about the bond?
A. The coupon rate of the bond is greater than it's yield-to-maturity
B. The coupon rate of the bond is less than it's yield-to-maturity
C. It is impossible to know anything about the coupon without knowing the yield-to-maturity
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