A bond has a current yield of 9% and a yield to maturity of 10%. Is the bond selling above or below the par value? Explain Is the coupon rate of this…

A bond has a current yield of 9% and a yield to maturity of 10%. Is the bond selling above or below the par value? Explain

Is the coupon rate of this bond more or less than 9%?

If the bond’s rate to maturity remains constant, then in one year time, will the bond price be higher, lower or unchanged?