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A 12-year 6% bond with a face value of $1000 is currently trading at $960. The yield to maturity of this bond: a. must be

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A 12-year 6% bond with a face value of $1000 is currently trading at $960. The yield to maturity of this bond: a. must be greater than 6% b. must be 6% C. must be less than 6% d. is unknown

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