Question: Given the information below, which bond(s) will be issued at a discount? begin{tabular}{lcccc} & Bond 1 & Bond 2 & Bond 3 & Bond 4

Given the information below, which bond(s) will be issued at a discount?

\begin{tabular}{lcccc} & Bond 1 & Bond 2 & Bond 3 & Bond 4 \\ \hline Stated Rate of Return & 10% & 8% & 15% & 12% \\ Market Rate of Return & 6% & 8% & 16% & 14% \end{tabular}

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