Assume that on February 1, 2016. Roland, Corp., issues 9 percent 10-year bonds payable with a maturity value of $900,000. The bonds pay interest on January 31 and July 31, and Roland amortizes any premium or discount by the straight-line method. Roland's fiscal year-end is December 31. Read the requrements Requirement 1. If the market interest rate is 8 percent when Roland Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. They are Y n this market, so investors will pay Y to acquire them. The 9 percent bonds issued when the market interest rate is 8 percent will be priced at Requirement 2. If the market interest rate is 12 percent when Roland Corp. issues its bonds, will he bonds be priced at par, at a premium, or at a discount? Explain. The 9 percent bonds issued when the market interest rate is 12 percent be priced at They are in this market, so investors will pay to acquire them