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A bond has a face value of $1000, a 6.7% annual coupon rate, and 7 years to maturity. If the yield to maturity is 7.1%,

image text in transcribed A bond has a face value of $1000, a 6.7% annual coupon rate, and 7 years to maturity. If the yield to maturity is 7.1%, then the bond price is $... (accurate to minimum one cent) Question 2 1 pts If the yield to maturity of a bond is greater than the coupon rate, then the bond's maturity must be long the bond is likely highly rated the bond is likely low rated the bond trades at a premium the bond trades at a discount

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