Which statement regarding bond yields is FALSE?

		If the yield to maturity is equal to the coupon rate, a bond will sell at its par value.
		If a bonds yield to maturity is less than its coupon rate, the bond will sell at a discount.
		A zero coupon bonds current yield is equal to zero.
		All else being equal, if a bonds yield to maturity increases, its price will decrease.

Alpha Corp.s bonds have a 28-year maturity, a 7% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 3.00%, based on semiannual compounding. What is the bond's price? $1,999.78 $1,754.12 944.01 O 1000