Student: A security that pays a constant dividend every year forever is known as: 1. a. Preferred stock b. A zero-coupon bond c. Common stock d. A callable bond -year annual coupon bond was issued four years ago at par. Since then the bond's yield to maturity YTM) has decreased from 9% to 7%. Which of the following statenments is true about the current market price of the bond? Selling at a discount a. Selling at par Selling at a premium d. b. c. Selling at book value 3, A three-year spot rate of 6% is most like the: a. Coupon rate in Year 3 on a coupon-paying bond maturing at the end of Year 3 b. Coupon rate in Year 3 on a coupon-paying bond maturing at the end of Year 6 c. Yield to maturity on a zero-coupon bond mnaturing at the end of Year 3 d. Yield to maturity on a coupon-paying bond maturing at the end of Year 3