Determine whether the following bonds payable will be issued at maturity value, at a premium, or at a discount: C. a. The market interest rate is 5%. Esme Corp. issues bonds payable with a stated rate of 4.5%. b. Trinity Corp. issued 5% bonds when the market interest rate was 5%. Ottawa Company issued bonds payable that pay stated interest of 6%. At issuance, the market interest rate was 7.25%. d. Howler, Inc. issued 7% bonds payable when the market rate was 6.75%.