Quirk Drugs Sold an Issue of 30-Year,$1,000 Face Value Bonds

Quirk Drugs sold an issue of 30-year,$1,000 face value bonds to the public that carry a 10.85% coupon rate,payable semiannually.It is now 10 years later,and the current market rate of interest is 9.00%.If interest rates remain at 9.00% until Quirk's bonds mature,what will happen to the value of the bonds over time?

A) The bonds will sell at a premium and decline in value until maturity.
B) The bonds will sell at a discount and rise in value until maturity.
C) The bonds will sell at a premium and rise in value until maturity.
D) The bonds will sell at a discount and fall in value until maturity.