Bonds are sold at a premium if the: a. market rate of interest was more than the face rate at the time of issue. b. market rate of interest was less than the face rate at the time of issue. c. issuing company has a better reputation than other companies in the same business.

I'm assuming the answer is "a. market rate of interest was more than the face rate at the time of issuance". but I wanted to confirm.

Thanks!