Which of the Following Statements Is FALSE?
A) When We

Which of the following statements is FALSE?

A) When we calculate a bond's yield to maturity by solving the formula,
$$\text { Price of an } n \text {-period bond } = \frac { \text { Coupon } } { ( 1 + Y T M ) ^ { 1 } } + \frac { \text { Coupon } } { ( 1 + Y T M ) ^ { 2 } } + \ldots + \frac { \text { Coupon } + \text { Face } } { ( 1 + Y T M ) ^ { n } } \text {, }$$ the yield we compute will be a rate per coupon interval.
B) The yield to maturity of a bond is the discount rate that sets the future value (FV) of the promised bond payments equal to the current market price of the bond.
C) The internal rate of return (IRR) of an investment in a zero-coupon bond is the rate of return that investors will earn on their money if they buy a default free bond at its current price and hold it to maturity.
D) Financial professionals also use the term "spot interest rates" to refer to the default-free zero-coupon yields.