A premium bond that pays 60 in interest annually matures in, Ask an Expert

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A premium bond that pays $60 in interest annually matures in seven years. The bond was originally issued three years ago at par. Which one of the following statements is accurate in respect to this bond today?

A. The coupon rate is greater than the current yield.

B. The yield-to-maturity equals the current yield.

C. The face value of the bond today is greater than it was when the bond was issued.

D. The yield-to-maturity is less than the coupon rate.

E. The bond is worth less today than when it was issued.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91549458

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