6 All else constant, when the coupon rate is the yield to maturity, a bond will sell at a Lower than; Premium. Lower than; Par. Higher than; Premium. Higher than; Par. Keep up the great work! It is more difficult to value a stock than it is to value a bond because: It is more difficult to buy and sell stocks than bonds. The future dividend cash flows of a stock are unknown. The life of an equity security is limited. Dividend payments on stocks are larger than interest paymer bonds. Stay calm