A bond that has a coupon rate of 10%, a required rate of return of 8% and 10 years to maturity will be valued at a. a discount when it has 5 years remaining. b. a premium anytime after the initial offering. c. Par of $1,000. d. Unable to determine with this information. 4. When the price of a bond is higher than $1,000, you know the required rate of return is ______ the coupon rate a. Greater than b. Less than c. The same as As the length of time to maturity decreases, a discount bond (a bond selling for less than par) will decrease in price (all other things remaining unchanged). a. True b. False What is the market value of a bond at the time it is issued (selling at par value)? a. $1,000