On February 28, 2018, Starfish Corp. issues 8%, 10-year bonds payable with a face value of $600,000. The bonds pay interest on February 28 and August 31. The company amortizes bond discount using the straight-line method Read the requirements Requirement 1. If the market interest rate is 7% when Starfish Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain They are in this market, so investors will pay The 8% bonds issued when the market interest rate is 7% will be priced at M to acquire them Requirement 2. If the market interest rate is 9% when Starfish Corp. issues its bonds, will the bonds be priced at par at a premium or at a discount? Explain They are in this market, so investors will pay The 8% bonds issued when the market interest rate is 9% will be priced at to acquire them