Question: A 3 - year bond with face value $ 5 0 0 and an annual coupon of $ 7 5 sells for $ 4 7

A 3-year bond with face value $500 and an annual coupon of $75 sells for $475. Its yield to maturity is
a.15%
b. Below 15%
c. Above 15%
d. We cannot tell from the information provided
A 3-year bond with face value $500 and an annual coupon

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