An 8 percent corporate bond that pays interest semi-annually was issued last year. Which two of the following most likely apply

An 8 percent corporate bond that pays interest semi-annually was issued last year. Which two of the following most likely apply to this bond today if the current yield-to-maturity is 7 percent? I. a structure as an interest-only loan II. a current yield that equals the coupon rate III. a yield-to-maturity equal to the coupon rate IV. a market price that differs from the face value    A.  I and III only B.  I and IV only C.  II and III only D.  II and IV only E.  III and IV only Refer to section 7.1

35.

A bond has a market price that exceeds its face value. Which of the following features currently apply to this bond? I. discounted price II. premium price III. yield-to-maturity that exceeds the coupon rate IV. yield-to-maturity that is less than the coupon rate    A.  III only B.  I and III only C.  I and IV only D.  II and III only E.  II and IV only Refer to section 7.1

36.	All else constant, a bond will sell at _____ when the coupon rate is _____ the yield to maturity.    A.  a premium; less than B.  a premium; equal to C.  a discount; less than D.  a discount; higher than E.  par; less than Refer to section 7.1