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On February 6, 2017, the NYSE bond directory quoted a bond price of 130.03 for Ford Motor Company's 7.45 percent bonds maturing on July 16,

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On February 6, 2017, the NYSE bond directory quoted a bond price of 130.03 for Ford Motor Company's 7.45 percent bonds maturing on July 16, 2031 1. Were the bonds listed at a discount or premium? Discount Premium 2. Does this mean the market interest rate for comparable bonds was higher or lower than 7.45 percent? Higher than 745 percent Lower than 7.45 percent

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