HUD Save & Exit Submit Partha Company operates in the Service Industry. They issued $500,000 bond which gave them cash proceeds of $490,000. Therefore, the bonds: Multiple Choice C ) Sold at a discount because the stated interest rate was higher than the market rate. o Sold for the $500,000 face amountless $10,000 of accrued interest Sold at a premium because the stated interest rate was higher than the market rate oo ) Sold at a discount because the market interest rate was higher than the stated rate