All else constant,a bond will sell at _____ when the yield to maturity is _____ the coupon rate.

Name: All else constant,a bond will sell at _____ when the yield to maturity is _____ the coupon rate.
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Question

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When the yield to maturity is higher than the coupon rate, the bond will sell at a discount (selling price below par) because investors demand a higher return due to the lower coupon payments. All other things being equal, the price of a bond is inversely related to the yield to maturity.

All Else Constant,a Bond Will Sell at _____ When the Yield