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Use the bond term's below to answer the question Maturity 10 years Coupon Rate 4% Face value $1,000 Annual Coupons YTM 5% Assuming the YTM

Use the bond term's below to answer the question

Maturity 10 years

Coupon Rate 4%

Face value $1,000

Annual Coupons

YTM 5%

Assuming the YTM remains constant throughout the bond's life, what is the bond's current yield between periods 3 and 4 ?

a. 4.16%

b. 4.37%

c. 4.25%

d. 4.04%

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