Question: 14 A bond is selling at a discount, when: ayield to maturity is greater than the coupon rate b. yield to maturity is less than
14 A bond is selling at a discount, when: ayield to maturity is greater than the coupon rate b. yield to maturity is less than the coupon rate c market price is less than the par value d. yield to call is less than the coupon rate. 15. Junk bonds have all of the following characteristics EXCEPT: a high risk b. high promised yield low bond rating d. interest is guaranteed to be paid C
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