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2 years ago
A bond that is held to maturity
A) will necessarily have a yield to maturity equal to the coupon rate.
B) will necessarily earn the yield to maturity at the time of purchase.
C) may earn more or less that its yield to maturity at the time of purchase because the rate at which coupons can be reinvested may change.
D) will earn the yield to maturity at the date of maturity.
Textbook 

Financial Management: Principles and Applications

Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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