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    YTM and Price

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    A bond which has a yield to maturity greater than its coupon interest rate will sell for a price, A) below par, B) at par, C) above par, D) what is equal to the face value of the bond plus the value of interest payments.

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    If YTM is greater than the coupon rate, the bond will sell for ...

    Solution Summary

    The solution explains the relationship between YTM of a bond and its price.