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If the yield to maturity for a bond is less than the bonds

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If the yield to maturity for a bond is less than the bond's coupon rate, then the market value of the bond is __________.

A. less than the par value.
B. greater than the par value.
C. cannot tell
D. equal to the par value
Hello,

Thanks for your question.

The answer is B. greater than the par value.

Hope this helps!

Edited by jkcpa on 1/4/2011 at 6:22 PM EST
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