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Suppose an investor purchased a newly issued 5-year non-callable corporate bond, at par, 2 years ago. Since then, the interest rate in the market has
Suppose an investor purchased a newly issued 5-year non-callable corporate bond, at par, 2 years ago. Since then, the interest rate in the market has declined. The investor plans on keeping the bond until maturity. If interest rates don't change again then, all else equal, this bond will: A. Currently sell at a discount to face value. B. Require a sinking fund to compensate investors. C. Have lower coupons than 2 years ago. D. Decrease in price each year between now and maturity
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