Consider a Hydro Quebec Bond with a Face Value of $1000

Consider a Hydro Quebec bond with a face value of $1000, and a present value of $1175. If this bond is offered for sale at $1025, then

A) excess demand for this bond will drive the price up until it reaches its equilibrium market price of $1175.
B) excess supply of this bond will drive the price down until it reaches its face value.
C) the equilibrium market price of this bond has been achieved.
D) individuals will purchase the bond at the offer price which will drive down the price further.
E) Hydro Quebec will be forced to change the face value of the bond.