A bond will sell ________ when the stated rate of interest exceeds the required rate of return, ________ when the stated rate of interest is less than the required return, and ________ when the stated rate of interest is equal to the required return.
A. at a premium; at a discount; equal to the par value
B. at a premium; equal to the par value; at a discount
C. at a discount; at a premium; equal to the par value
D. equal to the par value; at a premium; at a discount

Respuesta :

Answer:

A. at a premium; at a discount; equal to the par value

Explanation:

A bond will sell at a premium when the stated rate of interest exceeds the required rate of return, at a discount when the stated rate of interest is less than the required return, and equal to the par value when the stated rate of interest is equal to the required return