MicroMedia Inc.$1,000 par value bonds are selling for $1,265.Which of the following statements is TRUE?
A) The bond market currently requires a rate (yield) less than the coupon rate.
B) The bonds are selling at a premium to the par value.
C) The coupon rate is greater than the yield to maturity.
D) All of the above are true.
Correct Answer:
Verified
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