When a coupon bond sells for a price that is above its face value, the yield to maturity: Is always equal to the coupon rate. Is always greater than the coupon rate. Is always less than the coupon rate. None of above 得

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 15QTD
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When a coupon bond sells for a price that is above its face value, the yield to
maturity:
Is always equal to the coupon rate.
Is always greater than the coupon rate.
Is always less than the coupon rate.
None of above
得
Transcribed Image Text:When a coupon bond sells for a price that is above its face value, the yield to maturity: Is always equal to the coupon rate. Is always greater than the coupon rate. Is always less than the coupon rate. None of above 得
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