Natalie reviewed the protective covenants before she purchased ABC bonds Clifton is currently earning 6.5% on his bond investment The yield to maturity is less than the coupon rate Julia will receive $1,000 when the bond matures The yield to maturity is greater than the coupon rate John will receive $55 annually from his bond purchase The market rate on XYZ bond is 4.85% The bond will become due March 31, 2020