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 996 bonds payable when the market interest rate was 325 C. Cleveland's Cars issued 1096 bonds when the market interest rate was 109 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% The market interest rates Idaho issues bonds payable with a stated rate of 775 A bond is issued at premium