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A bond with a face value of $1,000 has annual coupon payments of $100. It was issued 10 years ago and has 7 years remaining
A bond with a face value of $1,000 has annual coupon payments of $100. It was issued 10 years ago and has 7 years remaining to maturity. The current market price for the bond is $1,000. Which of the following is true:
I. Its YTM is 9.5%.
II. Bonds coupon rate is 10%.
III. The bonds market quote is 100. (Note: Market quote is the market price as a percent of the face value.)
A.II, IIIOnly
B.I, IIIOnly
C.IIIOnly
D.I, II, and III
E.I, IIOnly
F.IOnly
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