P6–20 Yield to maturity The relationship between a bond’s yield to maturity and coupon interest rate can be used to predict its pricing level. For each of the bonds listed, state whether the price of the bond will be at a premium to par, at par, or at a discount to par.

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Bond Coupon interest rate Yield to maturity Price A 6% 10% B 8 8 C 9 7 D 7 9 E 12 10