if a longer time to maturity leads to a lower modified duration for a bond, the bond is most likely priced at a:

A. discount, and is zero-coupon.

B. discount, and has a low coupon.

C. premium, and has a high coupon.

A coupon-bearing bond was purchased at par. If the bond were held until maturity and interest rates fell during the period, the actual expost return would most likely be:

A. Lower than the YTM at time of purchase.

B. Higher than the YTM at time of purchase.

C. Equal to the YTM at time of purchase because the bond was held until maturity.