On January 15, 2017 the XYZ Company issued a 25 year bond. The bond has a coupon rate of 7%, coupons are paid once a year and the face value of the bond is $1,000. Today (April 24, 2022) the bond trades at a price of $1,005.69. The yield on the bond today must be: O a. Equal to 7% O b. Insufficient information, we need to know the YTM when the bond was issued Oc. Less than 7% Od. Insufficient information, we need to know the price of the bond when it was issued Oe. Greater than 7% 1.5 Marks 1 Mark Automobile insurance companies attempt to reduce the problem of moral hazard by: O a. Offering liability insurance to drivers with bad driving records, but refusing to offer collision insurance. By segmenting the market into low risk and high risk groups. O c. Refusing to insure bad drivers. O d. Offering no-fault insurance. Oe. Requiring a deductible on insurance claims