Question: Which one of the following is correct when computing the price of a debt security when using a discount yield? A. The current price will
Which one of the following is correct when computing the price of a debt security when using a discount yield?
A. The current price will decrease as the days to maturity decrease.
B. The price will exceed the face value.
C. The computation will be based on a 360-day year.
D. An increase in the discount yield will increase the current price.
E. The computation will consider leap years.
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