Consider a bond with a coupon rate of 8% and a yield to maturity of 5%, will this bond sell for higher than or less than par value? If the bond's yield to maturity remains constant, then in 3 years,...

Extracted text: Consider a bond with a coupon rate of 8% and a yield to maturity of 5%, will this bond sell for higher than or less than par value? If the bond's yield to maturity remains constant, then in 3 years, will the bond price be higher, lower, or unchanged? O a. Bond will sell for less than the par value, its price in 3 years will be lower. O b. Bond will sell for less than the par value, its price in 3 years will be higher. O. Bond will sell for less than the par value, its price in 3 years will be unchanged. O d. Bond will sell for more than the par value, its price in 3 years will be unchanged. O e. Bond will sell for more than the par value, its price in 3 years will be lower. O f. Bond will sell for more than the par value, its price in 3 years will be higher.