If the coupon payments are not reinvested during the life of the bond then the:...
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Finance
If the coupon payments are not reinvested during the life of the bond then the:
(a) nominal yield declines
(b) nominal yield is greater than the expected yield to maturity
(c) expected yield to maturity is less than the actual yield to maturity
(d) expected yield to maturity is greater than the actual yield to maturity
(e) current yield equals the yield to maturity
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