The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 9 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 10.3%, then the bond will trade at

A. Par. B. A discount. C. A premium. D. None of the above

The answer is B but please show step by step not through excel why that is the answer please and thank you