Question
Zero coupon bond prices are always priced less than face value and the yields to maturity are always greater than 0. As a result, when
Zero coupon bond prices are always priced less than face value and the yields to maturity are always greater than 0. As a result, when you use zero coupon bond prices to value a coupon bond, ________.
Group of answer choices
the coupon bond is always valued at a discount.
you get a lower value than if you use zero coupon yields to value the same coupon bond.
you get the same value as you get if you use zero coupon yields to value the same coupon bond.
you get a different value than if you use zero coupon yields, but you cannot tell whether the value is higher or lower.
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