If a Bond's Yield-To-Maturity Is Greater Than the Appropriate Yield-To-Maturity

question 18

Multiple Choice

If a bond's yield-to-maturity is greater than the appropriate yield-to-maturity, the bond

• A) could have a positive or negative NPV.
• B) will have a positive NPV.
• C) will have an intrinsic value less than its market price.
• D) will have an intrinsic value equal to its market price.

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