A discount bond has a:

I. market price equal to the face value.

II. market price that is less than the face value.

III. yield to maturity that exceeds the coupon rate.

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

___A. II and IV only

___B. I and III only

___C. I and IV only

___D. I only

__E. II and III only