Your broker offers you the opportunity to purchase a bond with coupon payments of $40 every half year and a face value of $1,000. If the yield to maturity on similar bonds is 7%, this bond should :

A) Sell at par value

B) Sell for the same price as the similar bond regardless of their respective maturities

C) Sell at a premium

D) Insufficient information. It could sell for either a premium or a discount but it's impossible to tell which one.

E) Sell at a discount