Question

A Treasury bond has a 10% annual coupon and a 10.5% yield to maturity. Which of the following statements is CORRECT? * a. The bond sells at a price below par. b. The bond has a current yield less than 10%. c. The bond sells at a discount. d. a & c. e. None of the above

Answer 1

Answer:

Which of the following statements is CORRECT? * a. ... The bond has a current yield less than 10%. c. The bond sells at a discount. d. a & c. e. None of the above. ·