Describe the relationship between the coupon rate and the required rate of return that will result in

Question:

Describe the relationship between the rate and the required rate of return that will result in a bond selling at
a. A discount
b. Par value
c. A premium

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...