The yield to maturity on a $10-$year coupon bond $($with face value $=$$$1,000$ and

annual coupon rate $=3\mathrm{.}25\%)$ is $2\mathrm{.}42\%.$ This implies:

I. the price of this bond is $$1,000.$

II$.$ the price of this bond is greater than $$1,000.$

III. the price of this bond is less than $$1,000.$

IV$.$

the buyer of this bond will receive $$32\mathrm{.}5$ from the bond issuer every year

before maturity

while holding the bond.

III and IV$.$

I and IV$.$

II and IV$.$

III only.

II only.