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Simon Co. has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated

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Simon Co. has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate 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 bond is 7.5%, then this bond will trade at: O a. a premium O b. a discount. O c. None of the given od par

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