问题
单项选择题
Bond is selling at a discount relative to its par value. Which of the following relationships holds（）
A. yield to maturity ＜ coupon rate ＜ current yield.
B. current yield ＜ coupon rate ＜ yield to maturity.
C. coupon rate ＜ current yield ＜ yield to maturity.
答案
参考答案：C
解析：
When a bond is selling at a discount, it means that the bond has a larger YTM (discount rate that will equate the PV of the bond’s cash flows to its current price) than its current yield ( coupon payment/current market bond price) and coupon payment.