On January 1, 2018, Neighborhood Credit Union issued 6%, 20 year bonds payable with face value of $1,000,000. The bonds pay interest on June 30 and December 31.

On January 1, 2018, Neighborhood Credit Union (NCU) issued 6%, 20-year bonds payable with f December 31 ace value of $1,000,000. The bonds pay interest on June 30 and Read the requireme Requirement 1 . If the market interest rate is 5% when NCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? E xplain. The 6% bonds issued when the market interest rate is 5% will be priced at They are in this market, so investors will pay to acquire them. Click to select your answer(s) and then click Check Answer. Check Answer Clear All 5 remaining