Bond price

United States Steel Corporation's $($X$)6\mathrm{.}65\%$ bonds due in $2037$ were reported as selling for $102\mathrm{.}8.$

Were the bonds selling at a premium or at a discount? Why is United States Steel 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 $6\mathrm{.}65\%.$