If the yield to maturity for a bond is less than the bond's coupon - 497

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Request Description

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. 

Solution Description

If the yield to maturity for a bond is less than the bond's co