$$ C$.$ a junk bond

$0.$aconvertible bond

QUESTION $25$

All other things being equal, A bond's value will be above its maturity value of $$1,000$ if it pays interest of $$70$ per year and investors require a rate of return that is:

$$ A$.$ less than $7\%$

$$ B$.$ either less than or greater than $7\%$

$$ C$.$ higher than $7\%$

$$ D$.$ exactly $7\%$