ACCT 2101 June Summer Session, 2020 Homework: Chapter 12 Graded Homework Score: 0 of 1 pt 1 of 9 (0 complete) S12-3 (book/static) Bond prices depend on the market rate of interest, stated rate of interest and time. Determine whether the following bonds payable will be issued at face value, at a premium, or at a discount: a. The market interest rate is 8%. Idaho issues bonds payable with a stated rate of 7.75% b. Austin issued 0% 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% a. The market interest rate is 8%. Idaho issues bonds payable with a stated rate of 7.75%