On January 1, 2024, Mechanics Credit Union (MCU) issued 8\%, 20-year bonds payable with face value of $400,000. The bonds pay interest on June 30 and Decomber 31 . Read the Requirement 1. If the market interest rate is 7% when MCU issues its bonds, wil the bonds be priced at face value, at a premium, or at a discount? Explain. The 8% bonds issued when the markot interest rate is 7% will be priced at Thoy ate in this markot, so invostors will pay to acquire them