Question 3 1 pts Hamstead Inc. issues $200,000, 5%, 10-year bonds on January 1, 2020. The company receives cash of $216,351 at issuance. Which statement is correct regarding the issuance? the market rate was higher than the bond's contract rate the bond sold at a discount the market rate was lower than the bond's contract rate the bond sold at par Question 4 1 pts The interest rate used to calculate interest payments to bondholders is known as the: market interest rate yield interest rate stated interest rate effective interest rate