When a coupon bond pays coupon at the level equal to the market yield of comparable bonds, the coupon bond is priced at par. That is, its market price = its principal amount. It is the definition of a par bond. If the issuer decides to pay coupon at the rate of 1.5 times of its market yield, (i.e., paying 3% coupon when 2% is the market yield) at what multiple of its principal amount will the bond be priced in the market? = (1) Lower than 1.5; (2) Higher than 1.5; (3) Equal to 1.5; (4) More data is needed to Hetermine; [The market yield is a positive number.]