A bond has a market price that exceeds its face value. Which of the following features currently

Question:

A bond has a market price that exceeds its face value. Which of the following features currently apply to this bond??
I. discounted price?
II. premium price?
III. yield-to-maturity that exceeds the rate?
IV. yield-to-maturity that is less than the rate?
A.III only?
B.I and III only?
C.I and IV only?
D.II and III only?
E.II and IV only
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...