11. For a 20 year $1000 par value 8% annual coupon bond that is selling at a premium and makes semiannual coupon payments, which of the following is true?
A) The YTM of this bond is below 8%
B) The price of this bond is below its par value
c) Because this bond is selling at premium, it would be worth more than $1,000 at maturity.
D) The bond pays $160 in interest every six months.
Answer A) The YTM... View the full answer