Question: Two bonds are identical except for their maturity. The bonds have a coupon rate that is greater than their yield to maturity. Determine which of the following is true when comparing the two bonds?
[A] The longer maturity bond has a greater discount [is priced farther below par]
[B] The longer maturity bond has a smaller discount [is priced below par but closer to par]
[C] The longer maturity bond has a greater premium [is priced farther above par]
[D] The longer maturity bond has a smaller premium [is priced above par but closer to par]