According to financial management, when the coupon rate is less than the yield to maturity, the bond sells at a discount to the par value.
This is because the yield to maturity is a financial term used to describe the bondholder's return on the bond if held to maturity.
Therefore, should the coupon rate be less than the yield to maturity, the bond would be sold at a discount to the par value.
Hence, in this case, it is concluded that the correct answer is "coupon rate: discount to" respectively.
Learn more here: https://brainly.com/question/457082
