Question: When the yield to maturity (YTM) for a particular bond is less than its coupon rate, the bond is selling at: a. a premium b.

When the yield to maturity (YTM) for a particular bond is less than its coupon rate, the bond is selling at: a. a premium b. a discount c. par value d. surcharge e. none of the above because the correct answer to this question cannot be determined without more information

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