A 12-year 6% bond with a face value of $1000 is currently trading at $960. The yeild
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Question:
A 12-year 6% bond with a face value of $1000 is currently trading at $960. The yeild to maturity of this bond:
a) Must be greater than 6%
b) must be 6%
c)must be less than 6%
d) is unkown
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