For each situation below, indicate whether the note was issued at a premium, discount or at face value.

a.		The face value of the note is $12,100. The investor paid $9,700 for the note.
b.		The market rate of interest is 12%. The stated rate is 13%.
c.		The face value of the note is $11,100 and the note pays $1,110 interest annually. The market rate of interest applicable to this note is 9%.
d.		The face value of the note is $5,100. The investor paid $5,100 for this note.