Auerbach Inc. issued 4% bonds on October 1, 2016. The bonds have a maturity date of September 30, 2026 and a face value of $300 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2017. The effective interest rate established by the market was 6%. Auerbach issued the bonds:

	A.	At par
	B.	At a premium
	C.	At a discount
	D.	Cannot be determined from the given information