he Banana Co. has 7% coupon bonds on the market with 9 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,038.50, which of the following is correct? O The YTM of this bond is lower than the coupon rate. O The YTM of the bond is equal to the coupon rate. O The YTM of the bond is higher than the coupon rate. O The bond is selling at discounted.
