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A 3-year bond with face value $500 and an annual coupon of $75 sells for $525. Its yield to maturity is a. Above 15% b.

A 3-year bond with face value $500 and an annual coupon of $75 sells for $525. Its yield to maturity is

a. Above 15% b. We cannot tell from the information provided c. Exactly 15% d. Below 15%

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