What is the price today of a two-year, default-free security with a face value of $1,000 and an annual coupon rate of 5% ? Does this bond trade at a discount, at par, or at a premium? Note: Assume annual compounding. What is the price today of a two-year, default-free security with a face value of $1,000 and an annual coupon rate of 5% ? The price is 9 (Round to the nearest cent.) Does this bond trade at a discount, at par, or at a premium? (Select the best choice below.) 1. This bond trades at a premium. 2. This bond trades at par. 3. This bond trades at a discount. 4. Not enough information