For each of the following situations identify whether a bond
For each of the following situations, identify whether a bond would be considered a premium bond, a discount bond, or a par bond.
a. A bond’s current market price is greater than its face value.
b. A bond’s coupon rate is equal to its yield to maturity.
c. A bond’s coupon rate is less than its required rate of return.
d. A bond’s coupon rate is less than its yield to maturity.
e. A bond’s coupon rate is greater than its yield to maturity.
f. A bond’s fair present value is less than its face value.

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