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A 10-year corporate bond has an annual coupon of 9%. The bond is currently selling at par ($1,000). Which of the following statements is CORRECT? A. The bond„s expected capital gains yield is zero. B. The bond„s yield to maturity is above 9%. C. The bond„s current yield is above 9%. D. If the bond„s yield to maturity declines, the bond will sell at a discount. E. The bond„s current yield is less than its expected capital gains yield.

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