A bond’s expected return is sometimes estimated by its yield to maturity (YTM) and sometimes by its yield to call (YTC).  The YTC is a better estimate when the bond sells at...   a. a discount.   b. a premium.   c. par value.

Essentials Of Investments
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Chapter1: Investments: Background And Issues
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  1. A bond’s expected return is sometimes estimated by its yield to maturity (YTM) and sometimes by its yield to call (YTC).  The YTC is a better estimate when the bond sells at...
      a.
    a discount.
      b.
    a premium.
      c.
    par value.
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