The bond demand curve slopes down because

interest rates decline as bond prices decline.

when bond prices are low, inflation is low.

the lender is willing and able to purchase more bonds when the price of the bond is low.

the borrower is willing and able to purchase more bonds when the price of the bond is low.

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Question 23 2 pts

The current yield is equal to

the coupon divided by the market price of the bond.

the yield to maturity, if the bond is a coupon bond.

the coupon divided by the par value of the bond.

the market price of the bond divided by its par value.