A company has issued 10% 2037 bonds redeemable at par, which have a current market value of £115 per £100 nominal value.

[answerhappygod]

A company has issued 10% 2037 bonds redeemable at par, which
have a current market value of £115 per £100 nominal value.
Which ONE of the following statements about these bonds IS
true?
a.
Each bond pays interest of £11.50 per annum and is to be repaid
in 2037 at £115.
b.
Each bond pays interest of £10 per annum and is to be repaid in
2037 at £100.
c.
There is no obligation for the issuer to repay the bonds and
interest will be paid at the coupon rate in perpetuity.
d.
Each bond pays interest of £11.50 per annum and is to be repaid
in 2037 at £100.