The yield to maturity on a bond is 1. above the coupon rate when the...
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The yield to maturity on a bond is 1. above the coupon rate when the bond sells at a discount, and below the coupon rate when the bond sells at a premium II. the discount rate that will set the present value of the payments equal to the bond price III. equal to the true compound return on investment only if all interest payments received are reinvested at the current yield O I only Il only O I and II only O I, II and
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