A ten-year corporate bond is priced at its par value of $1,000. If the coupon rate is
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Question:
A ten-year corporate bond is priced at its par value of $1,000. If the coupon rate is 4%,the corresponding yield to maturity...
(a) is less than 4%.
(b) is equal to 4%.
(c) is more than 4%.
(d) cannot be determined due to insufcient information.
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