JMR Bought 15 Z Corporation's $1,000 Bonds for $15,270 Total

Multiple Choice

JMR bought 15 Z Corporation's $1,000 bonds for $15,270 total, on April 1, 2014, (five years prior to maturity) .The bonds pay 8% semi-annual interest on April 1 and October 1.On December 31, 2014, the bonds had a market value of $14,950 (not a permanent decline) .JMR purchased these bonds at:

A) Par plus accrued interest.
B) A premium.
C) A discount plus accrued interest.
D) Par.
E) A discount.