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The coupon interest rates for a bond are 3.2%. The required rate of return for that bond has now changed with market rates and is

The coupon interest rates for a bond are 3.2%. The required rate of return for that bond has now changed with market rates and is 4.2%. Which statement offers the BEST conclusion?

A. The bond's market value exceeds its par value.

B. The bond's market value is less than its par value.

C. The bond's market value is the same as its par value.

D. The bond is now consider a premium bond.

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