To determine whether a bond will be sold at a premium, discount, or at face value, one must know which of the following pairs of information?

a. the par value and the coupon rate on the date the bonds were issued

b. the par value and the market rate on the date the bonds were issued

c. the coupon rate and the market rate on the date the bonds were issued

d. the coupon rate and the stated rate on the date the bonds were issued

(Appendix)