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 a. If the current interest rate exceeds the bond's coupon rate, the bond will sell at a b. The value of a bond to increase if there is a/an _in interest rates. c. A bond's coupon rate is more than the interest rate, therefore the bond is selling at a d. As interest rate increases the value of a bond will e. If the bondholder's required rate of return equals the coupon interest rate, the bond will sell at f. A premium bond sells for as maturity approaches. 3. The discount bond sells for -as maturity approaches. h. A bondholder with a short-term bond is exposed to interest rate risk than when owing a long-term bond