A 10-year corporate bond has an annual coupon of 9%. The bond is currently selling...
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Accounting
A 10-year corporate bond has an annual coupon of 9%. The bond is currently selling at par ($1,000). Which of the following statements is NOT correct? Select one: a. The bond's yield to maturity is 9%. b. The bond's current yield exceeds its capital gains yield. c. The bond's current yield is 9%. d. The bond's expected capital gains yield is positive.
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