Suppose that you are reviewing a price sheet for regular fixed-coupon bonds and see the following prices reported. Without calculating the prices, you can immediately tell that the price of bond ____________ is wrong: (assuming face value is $1,000).

BondPriceCoupon raterequired yield

a) $980 6% 8%

b) $1,000 3% 4%

c) $900 0% 5%

d) $1,040 5% 4%

a. Bond d

b. Bond c

c. Bond a

d. Bond b