Question: A bond has a face value that exceeds its market price. Which one of these features currently applies to this bond? a Yield to maturity

A bond has a face value that exceeds its market price. Which one of these features currently applies to this bond?

a

Yield to maturity less than the coupon rate.

b

Yield to maturity greater than coupon rate.

c

Premium bond.

d

Yield to maturity equal to the coupon.

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