On December 31, 2020, Gallagher Corporation issued $600,000, 6%, 23-year bonds when the market rate of interest was 8%. The bonds pay interest semi-annually cach June 30 and December 31 A. SET-UP OF BASIC BOND INFORMATION: Face Value Stated Rate of Interest Annual Stated Interest Periodic Stated Interest B. Do you expect the bond to be issued at a premium or discount? Explain. C. Bond Price Computation