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Consider the bond (newly issued, issued on Nov 2013) for a country A: Face value...

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Finance

Consider the bond (newly issued, issued on Nov 2013) for a country A:

Face value $10 million

Coupon rate 4.3%

If this bond is purchased (in April 2014) at $9.02 million, instead of $10 million, the yield would be:

A) greater than 4.3%

B) same as 4.3%

C) less than 4.3%

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