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9. A bond with face value $400 and an annual coupon of $60 sells for $376. The bond has a yield to maturity above, below

9. A bond with face value $400 and an annual coupon of $60 sells for $376. The bond has a yield to maturity above, below or equal to 15%?

above 15%

above or below 15%, depending on its maturity

below 15%

equal to 15%

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