If the price on an outstanding bond is less than the face, Financial Management

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If the price on an outstanding bond is less than the face

If the price on an outstanding bond is less than the face value, then the yield-to-maturity will be:

a) less than the current market interest rates.

b) equal to the coupon rate.

c) greater than the coupon rate.

d) less than the coupon rate.

e) greater than the current market interest rates.

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Financial Management: If the price on an outstanding bond is less than the face

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Financial Management: If the price on an outstanding bond is less than the face

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