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A bond's current yield is 5.25% per year and the bond's yield to maturity is 5.57% per year. Therefore, the bond is trading at a

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A bond's current yield is 5.25% per year and the bond's yield to maturity is 5.57% per year. Therefore, the bond is trading at a to its par value. If the bond's yield to maturity does not change, the bond's price will be next year. 1) Discount, the same 2) Premium, lower 3) Discount, lower 4) Premium, higher 5) Discount, higher

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