11 of 30 Unsure On January 15, 2017 the XYZ Company issued a 25 year bond. The bond has a coupon rate of 7%, coupons are paid once a year and the face value of the bond is $1,000. Today (April 24, 2022) the bond trades at a price of $1,005.69. The yield on the bond today must be: O a. Greater than 7% O b. Equal to 7% Oc. Insufficient information, we need to know the YTM when the bond was issued Od. Less than 7% Oe. Insufficient information, we need to know the price of the bond when it was issued Previous page 10 11 12