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Part $1$

The Sisyphean Company has a bond outstanding with a face value of $ $1$ comma $000$ that reaches maturity in $8$ years. The bond certificate indicates that the stated coupon rate for this bond is $8\mathrm{.}3\%$ and that the coupon payments are to be made semiannually.

Assuming the appropriate YTM on the Sisyphean bond is $10\mathrm{.}4\%,$ then this bond will trade at

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Part $1$

A$.$

a discount.

B$.$

par.

C$.$

a premium.

D$.$

none of the above