SF12-3 (book/static) Question Help Bond prices depend on the market rate of interest, stated rate of interest and time Determine whether the following bonds payable will be issued at face value at a premium, or at a discount a. The market interest rate is 19 Idaho issues bonds payable with a stated rate of 7.75% b. Austin issued 9% bonds payable when the market interest rate was 8,25% c. Cleveland's Cars issued 10% bonds when the market interest rate was 10% d. Allanta's Tourism issued bonds payable that pay the stated interest rate of 85% At issuance the market interest rate was 10.25% The market interest rate is 8 Idaho issues bonds payable with a stated rate of 75%