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Consider an annual coupon bond with a $1,000 par value and several years until maturity. The current price is $1,014. Which of the following can
Consider an annual coupon bond with a $1,000 par value and several years until maturity. The current price is $1,014. Which of the following can be inferred about this bond? this bond is selling at par and the yield to maturity equals the coupon rate this bond is selling at a discount and the yield to maturity is greater than the coupon rate this bond is selling at a premium and the yield to maturity is greater than the coupon rate this bond is selling at a discount and the yield to maturity is less than the coupon rate this bond is selling at a premium and the yield to maturity is less than the coupon rate
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