Question: If a bond's coupon rate is less than current interest rates, investors will likely: hold the bond until maturity, at which point its market value

If a bond's coupon rate is less than current interest rates, investors will likely:

hold the bond until maturity, at which point its market value will equal its coupon rate.

sell the bond at a premium, because investors are sensitive to price changes in bonds caused by increased interest rates.

sell the bond at a discount, because investors recognize that the lower the bond's price the higher is its yield.

a and c

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