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:

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Part $1$

a$.$ The market interest rate is $8\%.$ Kent Company issues bonds payable with a stated rate of $7\mathrm{.}75\%.$

b$.$ Franklin Co$.$ issued $9\%$ bonds payable when the market interest rate was $8\mathrm{.}25\%.$

c$.$ Zippy's Cars issued $10\%$ bonds when the market interest rate was $10\%.$

d$.$ Savannah$$s Tourism issued bonds payable that pay the stated interest rate of $8\mathrm{.}5\%.$ At issuance, the market interest rate was $10\mathrm{.}25\%.$