Whitford Publishing has 8.5% coupon bonds on the market that have a par value of $1,000 and 10 years left until maturity. Whitford's bonds make semiannual payments and have a nominal YTM equal to 6.96%. What is the bond's current market price?
Assuming interest rates remain constant, Whitford's bonds are expected to (increase/decrease) in price until maturity.
Whitford's bonds are selling at (a discount/par/at premium)