What happens to the bond coupon rate

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Question: A nine year AA rated corporate bond with a $70 annual coupon and a $1000 par value sells at a discount to par. What happens to the bond's coupon rate if the market yield on comparable debt drops from 7.2% to 6.8%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132017920

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What happens to the bond coupon rate : A nine year AA rated corporate bond with a $70 annual coupon and a $1000 par value sells at a discount to par. What happens to the bond's coupon rate.
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