Q9-12. How does issuing bonds at a premium or discount "adjust the contract rate to the applicable market rate of interest"? Q9-13. Regardless of whether premium or discount is involved, what generalization can be made about the change in the book value of bonds payable during the period in which they are outstanding? Q9-14. 00 1 If the effective interest amortization method is used for bonds payable, how does the periodic interest expense change over the life of the bonds when they are issued (a) at a discount and (b) at a premium?

Q9-12. How does issuing bonds at a premium or discount "adjust the contract rate to the applicable market rate of interest"? Q9-13. Regardless of whether premium or discount is involved, what generalization can be made about the change in the book value of bonds payable during the period in which they are outstanding? Q9-14. If the effective interest amortization method is used for bonds payable, how does the periodic interest expense change over the life of the bonds when they are issued (a) at a discount and (b) at a premium