When the yield to maturity (YTM) for a particular bond is less than its coupon rate, the bond is selling at:

a. A premium.

b. A discount.

c. Par value

d. The bonds current yield.

e. The correct answer to this question cannot be determined without more information.

Project A has an NPV of $8,284.88 (i.e., positive $8,284.88) and Project B has an NPV of $4,371,25 (i.e., positive $4,371,25). Both projects have normal (standard) cash flows and WACC for both projects is 14%. Which of the following statements is correct? (There may be more than one correct answer listed below; choose all that apply this is an all or nothing question). a. Project A must have a higher IRR than Project B. b. Project B must have a higher IRR than Project A. c. Both projects have a negative IRR. d. Both projects have IRR greater than 14%. e. Both projects have IRR less than 14%.