Several years ago, Company A issued bonds to raise funds so that it could buy equipment. Those bonds were purchased by the bank of The East. However, the bank of the East has decided that it doesn't want to have any assets in the form of bonds, so it is selling off all the bonds that it owns. Which of the following is most likely to be the result of this action?
a. The face value of the bonds will decrease. b. The default risk of the bonds will increase. c. Interest rates will increase. d. Bond prices will increase.