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Assume a bond is currently selling at par value. What will happen if the bond's expected cash flows are discounted at a rate lower than

Assume a bond is currently selling at par value. What will happen if the bond's expected cash flows are discounted at a rate lower than the bond's coupon rate?

a.The price of the bond will increase.

b.The par value of the bond will decrease.

c.The coupon payments will be adjusted to the new discount rate.

d.The coupon rate of the bond will increase.

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