Question: 1 5 . 1 6 . 1 7 . 1 8 . 1 9 . 2 0 . Question Workspace Which of the following statements
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Which of the following statements is CORRECT?
a If a bond's yield to maturity exceeds its coupon rate, the bond will sell at a premium over par.
b A zero coupon bond's current yield is equal to its yield to maturity.
c All else equal, if a bond's yield to maturity increases, its price will fall.
d If a bond's yield to maturity exceeds its coupon rate, the bond will sell at par.
e All else equal, if a bond's yield to maturity increases, its current yield will fall.
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