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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 9.5%. III. The bonds market quote is 100. (Note: Market quote is the market price as a percent of the face value.)
A. | I, II Only | |
B. | III Only | |
C. | I, II, and III | |
D. | II, III Only | |
E. | I Only | |
F. | I, III Only |
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