If a bond's purchase price equals the face value the:
A. current yield equals the yield to maturity, which exceeds the coupon rate.
B. coupon rate equals the yield to maturity, which equals the current yield.
C. coupon rate equals the current yield, which is less than the yield to maturity.
D. coupon rate does not equal the current yield, which does not equal the yield to maturity.
Answer: B
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