The Yield to Maturity on a Bond Is ________

The yield to maturity on a bond is ________.

A) below the coupon rate when the bond sells at a discount,and equal to the coupon rate when the bond sells at a premium
B) the discount rate that will set the present value of the payments equal to the bond price
C) based on the assumption that any payments received are reinvested at the coupon rate
D) none of the above.
E) A,B,and C.

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