Question: 7. All the following statements are correct EXCEPT: A. B. C. When a bond trades at par, its YTM will exceed its current yield When

7. All the following statements are correct EXCEPT: A. B. C.

7. All the following statements are correct EXCEPT: A. B. C. When a bond trades at par, its YTM will exceed its current yield When a bond trades at a premium to par, its coupon rate will exceed its YTM. The YTM on a coupon-paying bond purchased at par on the issue date and held to maturity is the bond's coupon rate. D. The YTM is the return a bond investor can expect to earn on a bond purchased on or subsequent to the issue date and held to maturity. E. When a bond trades at a discount to par, its YTM will exceed its coupon rate

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