At equilibrium a bond with 15% coupon and a 12% required rate of return will sell: At a discount from par At a premium from par. None of the answers are correct. At par Question 2 What is a derivative market? A market which deals in securities that have a maturity of less than a year. A market where financial securities whose payoff is derived from another security is traded. A market where one currency is traded for another. A market which deals in securities that have a maturity for more than a year