To understand the pricing of bonds it is important to understand the relationship between the bonds coupon rate and the yield to maturity (YTM). Which of the following is true?

Group of answer choices

If the YTM is greater than the coupon rate, then par value is greater than the bond price. Therefore, the bond is selling at a discount

If the YTM = the coupon rate, then par value = bond price.

If the YTM is less than the coupon rate, then par value is less than the bond price. Therefore, the bond is selling at a premium

All of the above.

None of the above