Bond Relationships. Select one or more of the following phrases to complete the following sentences. increase , decrease, par, discount, premium, less than, more than, greater , less, fall, rise

1. If the current interest rate exceeds the bond's coupon rate, the bond will sell at a___________.
2. The value of a bond to increase if there is a/an ________ in interest rates.
3. A bond's coupon rate is more than the interest rate, therefore the bond is selling at a
4. _____________.
5. As interest rate increases the value of a bond will ______________.
6. If the bondholder's required rate of return equals the coupon interest rate, the bond
7. will sell at _________.
8. A premium bond sells for ____________ as maturity approaches.
9. The discount bond sells for ____________ as maturity approaches.
10. A bondholder with a short-term bond is exposed to ___________ interest rate risk than
11. when owing a long-term bond.
12. When interest rates __________, the market required rates of return ________, and the
13. bond prices will ________.
14. If interest rates increase after a bond issue, the yield-to-maturity will ______,