P9-74A (similar to) On February 28, 2016, Stingray Corp. issues 8%, 10-year bonds payable with a face value of $900,000. T he bonds pay interest on February 28 and August Stingray Corp. amortizes bond discount by the straight-line method. Read the requirements Requirement 1 if the market interest rate is 7% when Stingray Corp. issues its bonds will the bonds be priced at par, at a premium, or at a discount? Explai The 8% bonds issued when the market interest rate is 7% will be priced at a premium more than par value to acquire them. Requirement 2 if the market interest rate is 9% when Stingray Corp. issues its bonds, will the bonds be priced at par, at a premium or at a discount? Explai The 8% bonds issued when the market interest rate is 9% will be priced at They are attractive in this market, so investors will pay |"They are in this market, so investors will pa | to acquire them. a discount a premium par (maturity) value Click to select your answer(s) and then click Check Answer. parts