A fixed coupon bond with par value of $1,000 has a coupon of 6%, semiannually payable. The current annual nominal market interest rate (i.e., yield to maturity) for this bond is 8%. Therefore the bond is selling ........... and the bond's current yield is ...........

Question 2 options:

at a discount; greater than 8%

at a premium; greater than 8%

at par value; at 8%

at a discount; less than 8%

at a premium; less than 8%