The Sisyphean Company has a bond outstanding with a face value of

$5,000

that reaches maturity in

5

years. The bond certificate indicates that the stated coupon rate for this bond is

8.4%

and that the coupon payments are to be made semiannually.Assuming the appropriate YTM on the Sisyphean bond is

10.3%,

then this bond will trade at

Question content area bottom

Part 1

A.

par.

B.

a premium.

C.

a discount.

D.

none of the above