If bond yields rise above the coupon rate, the bond will trade at a discount to its face value.

Name: If bond yields rise above the coupon rate, the bond will trade at a discount to its face value.
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When bond yields rise above the coupon rate, the bond becomes less attractive to investors because they can earn higher returns elsewhere. As a result, they may be willing to pay less than the face value of the bond to acquire it. This causes the bond to trade at a discount to its face value.

If Bond Yields Rise Above the Coupon Rate, the Bond