Homework Answers
| in a highly efficient market yield to maturity rate is equal to the market rate |
| the market is adjusted due to the current yield of a bond and its redeemed value. |
| so option d is correct. |
| option a is incorrect as coupon rate divided by market price gives the current yield |
| option b is incorrect as annual interest divided by face value provide the coupon value |
| option c is incorrect as current yield is not equal to the yield to maturity |
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