On January 1, 2024, Neighborhood Credit Union issued 6%, 20 year bonds payable with face value of $650,000. The pay interest on June 30 and December 31

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? Explain. 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. Requirement 2. If the market interest rate is 7% when NCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. The 6% bonds issued when the market interest rate is 7% will be priced at They are in this market, so investors will pay to acquire them. answers to the nearest whole dollar.) c. Journalize the payment of interest and amortization on December 31, 2024