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Given the following data on a bond: Term: 5 years YTM: 8.5% Annual coupon: 80 Face value: $1,000.00 Is it selling at a premium or

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Given the following data on a bond: Term: 5 years YTM: 8.5% Annual coupon: 80 Face value: $1,000.00 Is it selling at a premium or a discount to par? Select one: O a. If it is already issued, it will sell at par. b. Premium c. Discount d. The correct answer cannot be determined from the information given

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