Question: Bonds sell at a discount off the par value when market rates for similar bonds are: A. equal to the bond's coupon rate. B. market

Bonds sell at a discount off the par value when market rates for similar bonds are:

A. equal to the bond's coupon rate.

B. market rates are irrelevant in determining a bond's price.

C. less than the bond's coupon rate.

D. greater than the bond's coupon rate.

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