A 15-year bond with a face value of $1,000 currently sells for $850. Which statement...
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A 15-year bond with a face value of $1,000 currently sells for $850. Which statement regarding the bond's yield is true? Select one: a. The bond's current yield is equal to its coupon rate. b. The bond's yield to maturity is greater than its coupon rate. c. The bond's coupon rate exceeds its current yield. d. The bond's current yield exceeds its yield to maturity.
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