Question: Robin purchased a 2 0 - year bond with a duration of 1 1 years for $ 1 , 3 2 3 . 1 8
Robin purchased a year bond with a duration of years for $ Which of these statements is CORRECT?
A
The yield to maturity YTM is less than both the current yield and the coupon rate.
B
The current yield is higher than both the coupon rate and the yield to maturity.
C
The coupon rate is higher than the yield to maturity, and the YTM is higher than the current yield.
D
The coupon rate is lower than the YTM and the current yield should be higher than the coupon rate.
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