The expected yield of a bond will be less than its yield to maturity when e the expected yield of a bond cannot be lower than its yield-to maturity market interest rates are expected to rise. market interest rates are expected to fall. O when the bond is purchased at a discount. Question 26 0.05 pts When a bond's coupon rate is lower than the required rate of return, the bond may sell at either a discount or a premium. will sell at a discount from par. will sell at par value will sell at a premium over par