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A bond with a face value of $1,000 has annual coupon payments of $100 and was issued 10 years ago. The bond currently sells for

A bond with a face value of $1,000 has annual coupon payments of $100 and was issued 10 years ago. The bond currently sells for $1,000 and has 8 years remaining to maturity. This bond's ______________ must be 10%.

I. yield to maturity, II. coupon rate

a. Neither I not II

b. I only

c. I and II

d. II only

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