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QUESTION

A bond with a face value of $1,000 has annual coupon payments of $100. It was issued 10 years ago and has 7 years remaining to maturity. The current...

A bond with a face value of $1,000 has annual coupon payments of $100. It was issued 10 years ago and has 7 years remaining to maturity. The current market price for the bond is $1,000. Which of the following is true: 

I. Its YTM is 10%. 

II. Bond's coupon rate is 10%. 

III. The bond's market quote is 95.70. (Note: Market quote is the market price as a percent of the face value.)

I, II Only

I, II, and III

II, III Only

I Only

III Only

I, III Only

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