Which of the following is NOT TRUE?

When the investor's required rate of return is smaller than the coupon rate of a bond, the bond will sell at a discount.

The call feature of a corporate bond is an advantage to the issuing company if interest rates decrease.

A change in the current yield always signals change in the same direction as the yield to maturity.

The higher the investor's required rate of return on a bond, the lower will be the value of the bond to the investor.

Maturity risk premium (considering the default risk) is larger for industrial bonds than it is for Treasury bonds.