Question 29 A bond will sell at a discount (below par value) if the market value of the bond is less than the present value of the discount rate of the bond. current market interest rates are moving in the same direction as bond values. investor's current required rate of return is above the coupon rate of the bond. the economy is booming. Moving to another question will save this response. sestion 32 The of any asset is equal to the present value of its expected future cash flows discounted at the investor's required rate of return Expected rate of return Growth rate Intrinsic value Market price A Moving to another question will save this response