19. Given the information from the previous problem, what type of bond does Reginald own? a. A premium bond b. A discount bond C. A par bond d. All of the above e. None of the above 20. Blair owns a bond with 5 remaining years to maturity. Serena owns a bond with 10 remaining years to maturity. Both bonds are valued at par and have the same coupon rate and par value. Suppose the interest rate declines. Do the bonds increase or decrease in value, and whose bond is affected most? a. Both bonds increase in value; Blair's bond increases more b. Both bonds increase in value; Serena's bond increases more c. Both bonds decrease in value; Blair's bond decreases more d. Both bonds decrease in value; Serena's bond decreases more e. Both bonds stay the same price