On July 1, 2014 Guinard Company issues $1,000,000, 10%, bonds payable due in 10 years. Use the slider below to select the relevant interest rate to answer the following questions. a. If the market rate of interest is 8%, what is the selling price of the bonds payable? b. If the market rate of interest is 8%, what is the premium on the bonds payable? c. If the market rate of interest is 8%, what is the carrying amount of the bonds payable on the date of issuance? d. If the contract rate of interest is higher than the market rate of interest, the bonds will sell for their face value. a. If the market rate of interest is 6%, what is the selling price of the bonds payable? b. If the market rate of interest is 6%, what is the premium on the bonds payable? c. If the market rate of interest is 6%, what is the carrying amount of the bonds payable on the date of issuance