QUESTION 6 If the market rate of interest is 10% and the stated rate on the bond is 8%, the bond will sell at: O a, par Ob a discount a premium O d. below market rate QUESTION 7 If there is a gain on bonds redeemed early, the bonds' carrying value was greater than the redemption price Oa. b. loss is debited to Interest Expense, as a cost of financing. c. loss is debited directly to Retained Earnings. bonde' carrying value was less than the redemption price. Od QUESTION 8 If the market interest rate is 7%, a $10,000, 6%, 10-year bond that pays interest annually would sell at an amount equal to face value Oa greater than face value. Ob , that cannot be determined less than face value Od