Question: 2 8 year 3 , 4 0 % callable bond is quoted at a 4 point premium . Which of the following statements must be

28

year

3, 40 %

callable bond is quoted at a

4

point premium

.

Which of the following statements must be true about the bond's yield to maturity must be lower than the current yield must be higher than the current must be higher than the nominal yield It must be lower than the yield to call vious

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