Question: The current yield tends to overstate a bond's total return when the bond sells for a premium because: a. coupon payments can change at any

The current yield tends to overstate a bond's total return when the bond sells for a premium because:

a. coupon payments can change at any time b. bonds selling for a premium have a low default risk c. taxes must be paid on the current yield d. the bond's price will decline each year

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