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Which of the following statements about bond pricing is correct? A. The price of a bond that is ‘trading at a premium’, i.e. a premium bond, is below the bond’s face value. B. For a bond that is trading ‘at par’, the yield to maturity is equal to the coupon rate. C. The price of a bond that is ‘trading at a discount’, i.e. a discount bond, is above the bond’s face value. D. For a bond that is ‘trading at a premium’, the yield to maturity is higher than the coupon rate.

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