The yield to maturity (YTM) for a premium bond is _____ its coupon rate. A. greater than B. equal to C. less than
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Step 1: The yield to maturity (YTM) for a premium bond is always less than its coupon rate. Show more…
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The yield to maturity on a bond: A. is set by the issuer. B. is higher for higher-risk bonds. C. varies directly with the market price. D. is generally equal to the coupon interest rate.
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