A bond will sell ________ when the stated rate of interest exceeds the required rate of return, ________ when the stated rate of interest is less than the required return, and ________ when the stated rate of interest is equal to the required return.
A. at a premium; at a discount; equal to the par value
B. at a premium; equal to the par value; at a discount
C. at a discount; at a premium; equal to the par value
D. equal to the par value; at a premium; at a discount