Consider the following zero-coupon yields on default free securities: A 4 year default free security with a face value of $1000 and an annual coupon rate of 5.25% will trade:

Group of answer choices

at a premium.

at par.

at a discount.

There is insufficient information provided to answer this question.

Maturity (years) Zero-Coupon YTM 1 2. 3 5.80% 5.50% 5.20% 5.00% 4.80%