Cavalier Corp. is in the construction business. They are preparing a bond offering to fund a new office building. The bonds have a coupon rate of 8 percent, paid semiannually, and a face value of $1,000. The bonds will mature in 12 years and will be sold at par. Which of the following is most correct with respect to this bond issue? Multiple Choice The bonds will pay 10 interest payments of $60 each. The bonds will sell at a premium if the market rate is 5.5 percent. The bonds will become discount bonds if the market rate of interest declines. The bonds will initially sell for $1,030 each. The final payment will be in the amount of $1,060