Question $5$

$1$ pts

Consider the bond $($newly issued, issued on Nov $2013)$ for a country A:

Face value $$10$ million

Coupon rate $4\mathrm{.}3\%$

If this bond is purchased $($in April $2014)$ at $$10\mathrm{.}02$ million, instead of $$10$ million, the yield would be:

$$ greater than $4\mathrm{.}3\%$

less than $4\mathrm{.}3\%$

same as $4\mathrm{.}3\%$