Question $21$

$2\mathrm{.}5$ Point

The yield to maturity:

can only be realized if a bond is purchased on the issue date at par value.

equals both the current yield and the coupon rate for par value bonds.

that is expected will be realized any time a bond is sold.

will exceed the coupon rate when the bond is selling at a premium.

equals the current yield for all annual coupon bonds.

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