The return on a bond which is sold before, Financial Management

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The return on a bond which is sold before

The return on a bond which is sold before maturity

A. can never be more than the yield to maturity.

B. will equal the yield to maturity if the bond is purchased for face value and sold at a lower price.

C. will be less than the yield to maturity if the bond is sold for more than face value.

D. will be less than the yield to maturity if the bond is sold for less than face value.

E. can never be less than the yield to maturity.

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