When the required rate of return is ____ the coupon rate, the bond will sell at a discount.

Name: When the required rate of return is ____ the coupon rate, the bond will sell at a discount.
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When the required rate of return is greater than the coupon rate, the bond will sell at a discount because the fixed coupon payments are less attractive compared to the current market rate, leading investors to pay less than the face value of the bond.

When the Required Rate of Return Is ____ the Coupon