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    A level coupon bond

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    A level coupon bond:

    A) is typically a debenture.
    B) has the same rate as its yield to maturity.
    C) is an annuity over the life of the bond.
    D) is a zero coupon annuity.
    E) C) and D).

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    Solution Summary

    A level coupon bond is defined and discussed in the solution.