Cincinnati Foods, Inc. is raising capital for high-speed manufacturing line. Cincinnati Foods, Inc. issued 5-year, 8% bonds with a par value of $200,000. The market rate when the bonds were issued was 7.5%. The company received $212,500 cash for the bonds. Which of the following is true: This bonds were issued at a premium The bonds were issued at face value This bonds were issued at a discount This bonds were issued at a par value