Question: please provide explanation for the answer and also no excel formulas to be used A coupon bond has a face value of $1000, a coupon

please provide explanation for the answer and also no excel formulas

please provide explanation for the answer and also no excel formulas to be used

A coupon bond has a face value of $1000, a coupon rate of 6%, and 2 years to maturity If the price of the bond is $1100, then the yield to maturity it A 1096 B. 696 Cless than 6%. D. greater than 6%

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