XYZ company issued bonds three years ago with a 7% coupon rate.Today,the market rate of interest was lowered to 4%.What most likely will happen next?
A) XYZ company will lower the par value of their bonds.
B) XYZ company will raise the coupon rate of their bonds.
C) XYZ company will call their bonds in.
D) None of the above is correct.
Correct Answer:
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