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A bond will sell at a discount (below par value) if: investors' current required rate of return is above the coupon rate of the bond.

A bond will sell at a discount (below par value) if:

investors' current required rate of return is above the coupon rate of the bond.

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.

the economy is booming.

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