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If a bond with face value of $1,000 and a coupon rate of 8% is selling at a price of $1,070, which of the following

If a bond with face value of $1,000 and a coupon rate of 8% is selling at a price of $1,070, which of the following regarding the bond's yield to maturity is correct?

Yield to maturity is less than 8%.

Yield to maturity is more than 8%.

Yield to maturity equals 8%.

None of the above is correct.

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