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What is the relationship between a bond's market price and its promised yield to maturity? Explain.
A bond's market price reckon on its yield to maturity (YTM). When a bond has an YTM greater than its coupon rate, it sells at a discount from its face value. When the YTM is equivalent to the coupon rate, the market price equals the face value. When the YTM is smaller than the coupon rate the bond sells at a premium over face value.
Functional Classification of Mutual Funds Functional classification of Mutual Funds is based on the basic characteristics of the mutual fund schemes for subscription. Mutual Fu
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