Please show work. Use the information for the question$($s$)$ below.

The Sisyphean Company has a bond outstanding with a face value of $$1000$ that reaches maturity in $15$ years. The bond certficate indicates that the stated coupon rate for this bond is $8\%$ and that the coupon

payments are to be made semiannually.

Assuming the appropriate YTM on the Sisyphean bond is $9\%,$ then this bond will trade at

A$.$ par.

B$.$ a discount.

C$.$ a premium.

D$.$ None of the above