QUESTION 52 A twenty-year bond has a 5% coupon Yesterday, its yield-to-maturity was 5% Interest rates rose today, which caused the bonds yield to rise as well. Which of the following is true of the bond's price? Yesterday it was at a premium, today it is at a discount Yesterday it was at a discount, today it is at a premium Yesterday it was at par today it is at a discount Yesterday it was at a discount, today it is at par Yesterday it was at par today it is at a premium QUESTION 53 the rate on an ordinary bond of the same issuer and maturity If a bond is convertible, its interest rate (yield) should be higher than lower than the same as