Given the following bond quote information, which of the following statements is incorrect?
A) If you own $50,000 face value of these bonds, the value of your bonds is $65,565.
B) The bond is rated Ba and BB by two agencies, which means this is an investment grade bond.
C) The bond is callable, which means that if certain conditions are met, XYZ can buy the bond from the investor.
D) The bond has a coupon of 8% but because the market yield of 5.781% is less than the coupon rate, the bond trades at a premium from its face value.
Correct Answer:
Verified
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