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If a bond is purchased at a premium, the yield to maturity is A) the same as the current yield. B) lower than the nominal yield. C) higher than the nominal yield. D) higher than the current yield.

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If a bond is purchased at a premium, the yield to maturity is higher than

the nominal yield.

What is Nominal yield?

This is defined as the return of a bond is determined by the percentage of

the face value while Current yield deals with current market value.

Yield to maturity is the total return anticipated on a bond if the bond is

held until it matures and is usually higher than the nominal yield.

Read more about Nominal yield here https://brainly.com/question/24325177

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