On February 28, 2012, Snapper Corp. issues 10%, 10-year bonds payable with a face value of $1,500,000. The bonds pay interest on February28 and August 31. Snapper Corp. amortizes bonds by the straight-line method. Read the requirements. Requirement 1. If the market interest rate is 9% when Snapper Corp. issues its bonds! will the bonds be priced at par, at a premium, or at a discount? Explain. The 10% bonds issued when the market interest rate is 9% will be priced at. They are in this market, so investors will pay to acquire them