A bond with an annual coupon of$100 originally sold at par for$1,000. The current yield to maturity on this bond is9%. Assuming no change inrisk, this bond would sell at a_____________ in order to compensate____________________________.

A.

discount; the purchaser for the above market coupon rate

B.

discount; the issuer for the higher cost of borrowing

C.

premium; the seller for the above market coupon rate

D.

premium; the purchaser for the above market coupon rate

E.

discount; the seller for the above market coupon rate