Answer:
a. a discount
Explanation:
Options are "a. a discount. b. a premium, c. par, d. either a discount or premium"
If the market interest rate for a bond is higher than the stated interest rate, the bond will sell at a discount. If Bond Coupon rate (Stated Interest rate) is Lower than YTM (Market Interest Rate) or YTM > Coupon rate Then Bond is selling at a Discount.
