A 15-year bond has a $1,000 par value bond, a 4% coupon and a yield to maturity

A 15-year bond has a $1,000 par value bond, a 4% coupon and a yield to maturity of 3.3%. Interest is paid annually. The bond’s current yield is
A. 3.7%
B. 4.0%
C. 3.3%
D. 7.3%
E. None of the above


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