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

$ 5 000

that reaches maturity in

10

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

8.8

%

and that the coupon payments are to be made semiannually.

Assuming the appropriate YTM on the Sisyphean bond is

7.3

%,

then this bond will trade at

A.

par.

B.

a premium.

C.

a discount.

D.

none of the above