Question: scenario: - bond with a $1,000 par value - it pays $40 semiannually - it was just sold for $970. The YTM must be... a.

scenario:

- bond with a $1,000 par value

- it pays $40 semiannually

- it was just sold for $970.

The YTM must be...

a. greater than 8%

b. less than 8%

c. greater than 4%

d. less than 4%

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