The Sisyphean Company 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 Sisyphean bond is 7.5%, then this bond will trade:

	a.	at a premium.
	b.	at a discount.
	c.	at par.
	d.	None of them.
	e.	on sold.