Bond Price 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 Corporation's able to sell its bonds at this price? The bonds were selling at a because the market rate of interest for similar quality bonds was than 7.5%.

Stone Enetgy Corporation's 7.5% bends due in 2022 were reported as selling for 02.95 . Were the bonds seding at a premiun of at a docourt? Why in Stooe Energy Corperatien's able to seit its bonds at this price? The bonds were seling at a because the market rate of interest for similar quality bonds was than 7.5%