Author Question: Subprime mortgages are mortgage loans made to borrowers with high incomes and better than average ... (Read 108 times)

Wadzanai · **on:** Jul 10, 2018

Subprime mortgages are mortgage loans made to borrowers with high incomes and better than average credit histories.

Indicate whether the statement is true or false

Question 2

Yield to maturity on a bond with price equal to its par value will ________.

A) be less than the coupon rate
B) be more than the coupon rate
C) always be equal to the coupon rate
D) be less than or equal to the coupon rate depending on the required return