On issue date, Eric bought a bond offered with the following details. For simplicity, assume that coupons are tax-free.

Issuer	16888 Corporation
Par Value	P10,000
Tenor	5 years
Coupon Rate	5.2% p.a.
Coupon Payment	every 3 months
Issue Date	December 10, 2018
Maturity Date	December 10, 2023

If Eric sells the bond on December 10, 2020 at a market rate of 5.5% converted quarterly, would the purchase be at a discount, at par or at premium?

Group of answer choices:

A.) at a discount

B.) at par

C.) can not be determined

D.) at premium