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31-01-2024
Business

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Which of the following statements is FALSE?
A. The yield to maturity is a bond's rate of return that is required by the market place.
B. When a bond's yield to maturity is less than a bond's coupon rate, the bond is selling at a premium.
C. A convertible bond initially sells at a deep discount and pays no interest payments.
D. The invoice amount that an investor actually pays to purchase an outstanding bond is not its 'clean' quoted price.

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