When a bond's coupon rate is greater than its current yield, and its current yield is greater than its yield to maturity, the bond is a: A. discount bond. B. premium bond. C. par value bond.
For a premium bond, coupon rate > current yield > yield to maturity. For a par bond, coupon rate = current yield = yield to maturity. For a discount bond, coupon rate < current yield < yield to maturity.
