All else constant, a bond will sell at _____ when the coupon rate is _____ the yield to maturity.
a. a premium; less than
b. a premium; equal to
c. a discount; less than
d. a discount; higher than
e. par; less than
All else constant, a bond will sell at _____ when the coupon rate is _____ the yield to maturity.
a. a premium; less than
b. a premium; equal to
c. a discount; less than
d. a discount; higher than
e. par; less than