5 S14-3 Determining bond prices Bond prices depend Determine whether the following bonds payable will be issued at face value, at a premium, a. The market interest rate is 8% . Idaho issues bonds payable with a stated rate of 7.75 %. on the market rate of interest, stated rate of interest, and time or at a discount: b. Austin issued 9% bonds payable when the market interest rate was 8.25 %. c. Cleveland's Cars issued 10 % bonds when the market interest rate was 10 %. d. Atlanta's Tourism issued bonds payable that pay the stated interest rate of 8.5 % . At issuance, the market interest rate was 10.25 % . 9 6