The 4.5 percent coupon bond of JL Motors has a face value of $1,000, a maturity of 7 years, semiannual coupon payments, and a yield to maturity of 6.23 percent. Which of the following best describes this bond?

a.

This bond is a premium bond.

b.

This bond is a pure discount bond.

c.

This bond is a par bond

d.

This bond is tax exempt.

e.

This bond is a discount bond.