<Ul> <Li> If a bond's coupon rate is less than its YTM, then the bond is selling at a discount . </Li> <Li> If a bond's coupon rate is more than its YTM, then the bond is selling at a premium . </Li> <Li> If a bond's coupon rate is equal to its YTM, then the bond is selling at par . </Li> </Ul> <Li> If a bond's coupon rate is less than its YTM, then the bond is selling at a discount . </Li> <Li> If a bond's coupon rate is more than its YTM, then the bond is selling at a premium . </Li> <Li> If a bond's coupon rate is equal to its YTM, then the bond is selling at par . </Li>

If the coupon rate is greater than the yield to maturity the bond will