Assume that on April 1, 2016,Washington, Corp., issues 7 percent, 10-year bonds payable with a maturity value of $1,000,000.The bonds pay interest on March 31 and September 30, and Washington amortizes any premium or discount by the straight-line method. Washington's fiscal year-end is December 31.

ARR uma that nn April 1, 2016, Washington, Corp issues 7parrant. 10 year hands payahle with a maturity value of $1,000,000 The bonds pay interatt nn March 31 and Saptember 30, and Washingtinn amortizes any pramkmar nt by tha straight-lna method Washington's fiscal year-and i Danamhar 31 Read the 65 percent Washington Co its bonds, wil the bonds be at a premium, at a discount? at par The 7 parrant bonds issuad wh the markat Intercel 65 pa rket aturity Vall Requi ment 2. market interest rate is 8.5 percent when Viashington Cop. asues its bonda, Wil the bands be ed at par, Explain. The 7 percent bonds issued ahen the mark interest rate is 8.5 perce ll be priced at decount They are unettra inthia markel, alue