[Solved] A 3 - year bond with face value $ 5 0 0 a

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A 3 - year bond with face value $ 5 0 0 and an annual coupon of $ 7 5 sells for $ 4 7

3 -

year bond with face value $

500

and an annual coupon of $

75

sells for $

475 .

Its yield to maturity is

. 15 %

.

Below

15 %

.

Above

15 %

.

We cannot tell from the information provided

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