Expert Q&A Done 7. All the following statements are correct EXCEPT: A. When a bond trades at par, its YTM will exceed its current yield 8. When a bond trades at a premium to par, its coupon rate will exceed its YTM. C. The YTM on a coupon-paying bond purchased at par on the issue date and held to maturity is the bond's coupon rate. The YTM is the return a bond investor can expect to earn on a bond purchased on or subsequent to the issue date and held to maturity When a bond trades at a discount to par, its YTM will exceed its coupon rate. D. E