Stone Energy Corporation's 7.5% bonds due in 2022 were reported as selling for 82.95. Were the bonds

Question:

Stone Energy Corporation's 7.5% bonds due in 2022 were reported as selling for 82.95. Were the bonds selling at a premium or at a discount? Why is Stone Energy able to sell its bonds at this price?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...