Which statement regarding yield is true?
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A bond’s current yield must always be greater than its yield to maturity and its coupon rate.
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If a bond sells at par, then its current yield will be equal to its yield to maturity.
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If a bond sells for more than par, then its yield to maturity is greater than its coupon rate.
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A premium bond’s price increases each year until it matures, when its value equals its par value.