Which statement regarding bond yields is true?
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All else being equal, if a bond’s yield to maturity decreases, its price will increase.
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A zero coupon bond’s current yield is greater than its yield to maturity.
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If a bond’s yield to maturity is less than its coupon rate, the bond will sell at par.
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If a bond’s yield to maturity is less than its coupon rate, the bond will sell at a discount.