问题
单项选择题
Assuming all else equal, if the coupon rate offered on a bond is less than the corresponding market rate of interest, the bond will be issued at:
A．
| A. par. |
B．
| B. a premium. |
C．
| C. a discount. |
答案
参考答案：C
解析：If the coupon rate is less than the market rate, the bond must be sold at a discount so the effective rate on the bond equals the market rate.