3. The annual yield to maturity of a coupon bond is (a) below the coupon rate when the bond sells at a discount and above the coupon rate when the bond sells at a premium (b) above the coupon rate when the bond sells at a discount and below the coupon rate when the bond sells at a premium (c) always equal to the coupon rate (d) None of the above 4. Fill in the blanks: All other things equal, the price and the interest (discount) rate on a bond are and the price and coupon rate on a bond are (a) positively related, positively related (b) positively related, negatively related (c) negatively related, positively related (d) negatively related, negatively related