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A bond with face value $400 and an annual coupon of $60 sells for $376. The bond has a yield to maturity above, below or
A bond with face value $400 and an annual coupon of $60 sells for $376. The bond has a yield to maturity above, below or equal to 15%?
a. below 15%
b. above or below 15%, depending on its maturity
c. above 15%
d. equal to 15%
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