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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Which of the following statements is false? a. the yield to maturity is a bond's rate of return that...
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