Omega Software Corporation's bond with a face value of $1,000 is currently selling at a premium in the financial markets. If the bond's yield to maturity is 11.5 percent, then the bond's:
A. coupon rate of interest must be less than 11.5 percent.
B. coupon rate of interest must be greater than 11.5 percent.
C. coupon rate of interest must be equal to 11.5 percent.
D. maturity value must be greater than $1,000.
E. maturity value must be less than $1,000.
Answer: B
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