Question: A $ 1 , 0 0 0 par value corporate bond that pays $ 6 0 annually in interest was issued last year. If the

A $1,000 par value corporate bond that pays $60 annually in interest was issued last year. If the current price of the bond is $887.96, which one of the following
statements is correct?
Multiple Choice
The bond is selling at par value.
The current yield exceeds the yield to maturity.
The coupon rate has increased to 9 percent.
The bond is currently selling at a premium
A $1,000 par value corporate bond that pays $60 annually in

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