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Consider the following four corporate bonds that have semiannual compounding: Bond #1 #2 #3 #4 Price $1,000.00 $932.05 $955.03 $1,098.96 Coupon Rate 8% 7% 9%

Consider the following four corporate bonds that have semiannual compounding:
Bond #1 #2 #3 #4
Price $1,000.00 $932.05 $955.03 $1,098.96
Coupon Rate 8% 7% 9% 9%
Years to Maturity 5 10 10 20
Which of these bonds sells at a premium?
A) #1
B) #2
C) #3
D) #4

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