In 2006 BigCo issued 20-year bonds at face value with a yield to maturity of 6.75%. In 2016, BigCo is considering retiring these bonds by purchasing them in the bond market. The bonds are currently trading at a yield to maturity of 4.75%. To repurchase the bonds, BigCo will have to pay: Exactly face value because they were issued at face value. Not enough information. More than face value because interest rates have fallen. Less than face value because interest rates have fallen