?If the yield to maturity (the market rate of return) of a bond is less than its coupon rate, the bond should be:
A. ?selling at a discount; i.e., the bond's market price should be less than its face (maturity) value.
B. ?selling at a premium; i.e., the bond's market price should be greater than its face value.
C. ?selling at par; i.e., the bond's market price should be the same as its face value.
D. ?a floating-rate bond yielding market adjusted interest.
E. ?an indexed bond that adjusts interest payments on the basis of an inflation index.
Answer: B
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