A 10-year corporate bond has an annual coupon payment of 9 percent. The bond is currently selling at par ($1,000). Which of the following statements is most correct? Select one:
A 10-year corporate bond has an annual coupon payment of 9 percent.
The bond is currently selling at par ($1,000). Which of the following statements is most correct?
Select one:
a. The bonds yield to maturity is 9 percent.
b. The bonds current yield is 9 percent.
c. If the bonds yield to maturity remains constant, the bonds price will remain at par.
d. This bond is not selling at a premium or a discount.
e. All of the answers above are correct.
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