If bonds issued by a corporation are sold at a premium, is the market rate of interest

Question:

If bonds issued by a are sold at a premium, is the market rate of interest greater or less than the contract rate?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...