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The yield to maturity on a 1 0 - year coupon bond ( with face value = $ 1 , 0 0 0 and annual

The yield to maturity on a 10-year coupon bond (with face value = $1,000 and annual coupon rate =3.25%) is 2.42%. This implies:I. the price of this bond is $1,000.II. the price of this bond is greater than $1,000.III. the price of this bond is less than $1,000.IV. the buyer of this bond will receive $32.5 from the bond issuer every year before maturity while holding the bond.A. II only.B. I and IV.C. III and IV.D. II and IV.

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