Question: A bond has a face value of $ 1 , 0 0 0 and pays annual coupons at 7 % . If the bond is

A bond has a face value of $1,000 and pays annual coupons at 7%. If the bond is priced at par, what is its yield to maturity?
Group of answer choices
Cannot be determined from the given information.
10%
5%
7%

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