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ellie425 ellie425
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A year ago
A 20-year bond with a face value of $1,000 currently sells for $1,200. Which statement regarding the bond’s yield is true?


▸

The bond’s yield to maturity is less than its coupon rate.



▸

The bond’s coupon rate is equal to its current yield.



▸

The bond’s coupon rate is less than its current yield.



▸

If the yield to maturity stays constant until the bond matures, the bond’s price will remain at $1,200. 

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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chinwe20chinwe20
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A year ago
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ellie425 Author
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A year ago
Smart ... Thanks!
ealvino1610
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Yesterday
this is exactly what I needed
hmonier
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2 hours ago
Thanks
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