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QUESTION

For a callablebond ytm is more conservative measure of yield fro the point of view of the investor, whenever A. The bond is priced at or above its...

For a callablebond ytm is more conservative measure of yield fro  the point of view of the investor, whenever

A. The bond is priced at or above its call price

B. The bond is trading for more than par but less than the call price

C. The bond is trading at less than par

D. None off the above

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