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The University of Missouri is considering issuing a new bond to build a new dorm. The price of a bond with a $1,000 face value,

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The University of Missouri is considering issuing a new bond to build a new dorm. The price of a bond with a $1,000 face value, 30 years to maturity, an annual coupon of $50, and a 4 percent yield to maturity is This bond has a current yield of Because this bond is a premium bond, its yield to maturity is than its current yield and coupon rate. (a) $1,172.92;5%; greater (b) $1,201.23;4.16%; less (c) $1,172.92;4.26%;less (d) $1,172.92;4.26%; greater

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