When the ________ is less than the yield to maturity, the bond sells at a/the ________ the par value
A) coupon rate; premium over
B) coupon rate; discount to
C) time to maturity; discount to
D) time to maturity; same price as
Answer: B
Business
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"Bailment" is an ocean marine term applying to sinking ships
Indicate whether the statement is true or false
Business
Lower expected interest rates in the future ________ the demand for long-term bonds and shift the demand curve to the ________
A) increase; left. B) increase; right. C) decrease; left. D) decrease; right.
Business