Question: Please explain, I will rate. A bond just traded at a quoted price of 98.11. The bond has a face value of $1,000. Which of

Please explain, I will rate.

A bond just traded at a quoted price of 98.11. The bond has a face value of $1,000. Which of the following is TRUE?

a. The coupon rate on this bond must be greater than the yield to maturity.

b. No investor would ever buy this bond.

c. The price is $98.11.

d. This is a discount bond.

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