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
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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. ·
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