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

I. discount bond

II. premium bond

III. yield-to-maturity that exceeds the coupon rate

IV. yield-to-maturity that is less than the coupon rate

A. III only

B. I and III only

C. I and IV only

D. II and IV only

E. II only

F. II and III only