Choose the correct statement about the discount rate to be used when valuing bonds. (This is a multiple answer format question which means you should check all that apply...there may be more than one correct response).

Group of answer choices

All else equal, the lower the bond rating the higher the discount rate that should be used.

When the discount rate goes up, the value of the bond should go down.

All else equal, we should expect a higher discount rate when inflation is expected to be high over the life of the bond.