Question: A bond's price is quoted as $98per $100par value. (also quoted as 98percent of par value).What do we know about the bond? I The bond

A bond's price is quoted as $98per $100par value. (also quoted as 98percent of par value).What do we know about the bond?

I The bond is selling at discount.

IIThe bond is selling at premium.

III The bonds coupon rate is less than its yield to maturity.

IV The bond's coupon rate is greater than its yield to maturity.

V The bond's price will rise as the bond approaches maturity.

VI The bond's price will fall as the bond approaches maturity.

.

A.

I,IV, and VI
B.

II, IV, V
C.

I, III, IV
D.

II, IV, VI
E.

I, III, V

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