A 6% Five-Year Bond Was Issued at $918 $\begin{array} {crl} & \text { Face value } & \text { Yield to maturity } \\\end{array}$

Multiple Choice

A 6% five-year bond was issued at $918.89. The face value and yield to maturity for the bond are
$\begin{array} {crl} & \text { Face value } & \text { Yield to maturity } \\\end{array}$
a) $\begin{array} { l l l } & \$ 918.89 &&& \text { greater than } 6 \% . \\\end{array}$
b) $\begin{array} { l l l }& \$ 918.89 &&& \text { less than } 6 \% . \\\end{array}$
c) $\begin{array} { l l l } & \$ 1,000.00 && \text { greater than } 6 \% . \\\end{array}$
d) $\begin{array} { l l l } & \$ 1,000.00 && \text { less than } 6 \% . \\\end{array}$

A) Choice A
B) Choice B
C) Choice C
D) Choice D