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The Sisyphean Company has a bond outstanding with a face value of $ 1 , 0 0 0 that reaches maturity in 8 years. The

The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 8 years. The bond certificate indicates that the stated coupon rate for this bond is 9.6% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.4%, then this bond will trade at
none of those choices
a premium
par
a discount
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