Assume the stated (coupon) interest rate on an issuance of bonds payable is 4%. The bonds payable have a principal or face amount of $50,000,000. The bonds are issued at a market (effective) interest rate of 5%. Which statement about these bonds is true?

Group of answer choices

The cash received for the bonds will be more than $50,000,000.

The bonds will be issued at a premium.

The bonds will be issued at a discount

The cash received for the bonds will be the same as the principal or face amoun