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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

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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