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A bond that has 3 years until maturity and par value $ 1 0 0 is currently trading at $ 9 8 . 3 .

A bond that has 3 years until maturity and par value $100 is currently trading at $98.3. The bond makes
annual coupon payments and there are 3 payments remaining, the first in one year. What is the coupon
rate of this bond if you know that its YTM is 3%?
a.2.40%
b.3.11%
c.3.90%
d.3%
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