单选题
Given that the information on the three bonds below is at issuance, which of the following choices correctly identifies the bonds as premium, par, and discount.（ ）
| Bond | Market Rate | Coupon Rate |
| 1 | 8.00% | 7.00% |
| 2 | 7.25% | 7.50% |
|
3 |
6.75% | 6.75% |
【正确答案】
B
【答案解析】
For the examination, remember the following relationships:
| Type of Bond | Market Yield to Coupon | Price to Par |
| Premium | Market Yield < Coupon | Price> Par |
| Par | Market Yield = Coupon | Price = Par |
| Discount | Market Yield > Coupon | Price < Par |