Assume a company issued $600,000 of 3%, 6-year bonds with interest paid annually. The bonds were sold for $588,000 in the market. Which of the following is true regarding these bonds?

		The company has promised to pay $18,000 in interest each year to bondholders.
		The company received $600,000 on the date of issuance.
		The market rate was less than the stated rate.
		The bond was sold at par.