Question: A $ 5 7 5 bond with 2 . 4 9 % coupon rate is redeemable in 2 4 years. The bond is purchased today,

A $575 bond with 2.49% coupon rate is redeemable in 24 years. The bond is purchased today, when the yield rate is 2.49% compounded semi-annually.
Which of the following is true?
No written submission required.
The bond is sold at a discount.
The bond is sold at par.
The bond is sold at a premium.
None of the above.

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