Question: Use the bond's terms below to answer the question Maturity 7 years Coupon Rate 3% Face value $1,000 Annual Coupons YTM 6% Assuming the YTM

Use the bond's terms below to answer the question

Maturity 7 years

Coupon Rate 3%

Face value $1,000

Annual Coupons

YTM 6%

Assuming the YTM remains constant throughout the bond's life, what is the bond's current yield between periods 3 and 4?

3.28%

3.19%

3.45%

3.35%

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