Which of the following statements is not correct?
A) Bond prices and interest rates are inversely related.
B) When a bond's yield to maturity equals the coupon rate, the bond sells for par.
C) When a bond's yield to maturity is greater than the coupon rate, the bond sells above par.
D) When a bond's yield to maturity is less than the coupon rate, the bond sells above par.
Correct Answer:
Verified
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