If the coupon rate is more than the yield to maturity:

a$.$ A bond trades at a discount

b$.$ A bond trades at a premium

c$.$ A bond trades at par

d$.$ We cannot tell the relationship between the price and par

Price a $20-$year $10\%$ coupon bond with a face value of $$1000$ if the required yield on the bond is $11\%.$ Is this a premium, discount or par value bond?

a$.$ $$919\mathrm{.}77$ premium

b$.$ $$919\mathrm{.}77$ discount

c$.$ $$919\mathrm{.}77$ par

d$.$ none of the above