Which of the Following Is Most Correct

Multiple Choice

Which of the following is most correct?

A) When coupon rates exceed market rates, bonds will sell at a premium.
B) When market rates exceed coupon rates, bonds will sell at a premium.
C) When coupon rates exceed market rates, bonds could sell at either a premium or a discount.
D) Bonds will always sell at par when the coupon rate equals the market rate.
E) Both a. and d. are correct.