A coupon-bearing bond purchased when issued at par value was held until maturity during which time interest
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A coupon-bearing bond purchased when issued at par value was held until maturity during which time interest rates rose. The ex-post realized return of the bond investment most likely was
a. above the YTM at the time of issue.
b. below the YTM at the time of issue.
c. equal to the YTM at the time of issue because the bond was held until maturity.
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Related Book For 
Fundamentals Of Investing
ISBN: 9781292153988
13th Global Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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