Question: Assuming a bond issue is callable, the -------- is a better estimate of a bonds expected return when interest rates are below an outstanding bonds

Assuming a bond issue is callable, the -------- is a better estimate of a bonds expected return when interest rates are below an outstanding bonds coupon rate. The -------- is a better estimate of a bonds expected return when interest rates are equal or above an outstanding bonds coupon rate.

		YTC; YTM
		YTC; Current Yield
		YTM; YTC
		Current Yield; YTC
		YTM; Current Yield

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