Question: All else constant, a bond will sell at _____ when the coupon rate is _____ the yield to maturity. a) a discount; higher than b)
All else constant, a bond will sell at _____ when the coupon rate is _____ the yield to maturity.
a) a discount; higher than
b) a premium; equal to
c) a premium; less than
d) par; less than
e) a discount; less than
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