If default probability is zero and bond is not called, then yield to maturity is_____________?
(A) Mature expected return rate
(B) Lower than expected return rate
(C) Higher than expected return rate
(D) Equal to expected return rate
If default probability is zero and bond is not called, then yield to maturity is_____________?
(A) Mature expected return rate
(B) Lower than expected return rate
(C) Higher than expected return rate
(D) Equal to expected return rate
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