Bonds with a face value of $300,000 and a quoted price of 1021/4 have a selling price of $360, 675. $306, 075. $300, 675. $306, 750. The interest expense recorded on an interest payment date is increased by the amortization of premium on bonds payable. by the amortization of discount on bonds payable. only if the bonds were sold at face value. only if the market rate of interest is less than the stated rate of interest on that date. All of the following statements regarding convertible bonds ate true except if the market price of common stock increases substantially, bondholders with convertible bonds benefit. convertible bonds can be converted into common stock at the option of the issuing company. bondholders with convertible bonds receive interest on the bonds until conversion. convertible bonds sell at a higher price and pay a low rate of interest than those without the conversion option. when authorizing bonds to be issued, the board of directors does not specify the total number of bonds authorized to be sold. contractual interest rate. selling price. total face value of the bonds