For a given par value of a bond, the higher the investor's required rate of return is above the coupon rate, the

Name: For a given par value of a bond, the higher the investor's required rate of return is above the coupon rate, the
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When an investor's required rate of return is higher than the bond's coupon rate, the bond's value decreases, resulting in a discount on the price. Therefore, the higher the required rate of return, the greater the discount on the price.

For a Given Par Value of a Bond, the Higher