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Determining Bond prices Bond prices depend on the market rate of interest, stated rate of interest, and time. Determine whether the following bonds payable will

Determining Bond prices
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 a discount
1. Market interest rate is 8%. Idaho issues bonds payable with a stated rate of 7.75%
2. Austin issued 9% bonds payable when the market interest rate was 10%
3. Clevelands Cars issued 10% bonds that pay the stated interest rate of 10%
4. Atlants Tourism issued bonds payable that pay the stated interest rate of 8.5%. At issuance, the market interest rate was 10.25%

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