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Which one of the following statements is true? Question 13 options: 1) A premium bond has a yield to maturity that is less than the
Which one of the following statements is true? Question 13 options: 1) A premium bond has a yield to maturity that is less than the bond's coupon rate. 2) A discount bond has a coupon rate that is higher than the bond's yield to maturity. 3) The yield to maturity on a premium bond exceeds the bond's coupon rate. 4) The current yield on a par value bond will exceed the bond's yield to maturity. 5) The current yield on a premium bond is equal to the bond's coupon rate.
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