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A $900,000 bond issue sold at 99 . Therefore, the bonds: [ 5 points] None of the above. Sold for the $900,000 face amount less

image text in transcribed A $900,000 bond issue sold at 99 . Therefore, the bonds: [ 5 points] None of the above. Sold for the $900,000 face amount less $9,000 of accrued interest. Sold at a discount because the stated rate of interest was lower than the market rate. Sold at a discount because the market interest rate was lower than the stated rate. Sold at a premium because the stated rate of interest was lower than the market rate

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