State Street Beverage Company issues $ 818 comma 000 of 10%, 10minusyear bonds on March 31, 2017. The bonds pay interest on March 31 and September 30. Which of the following statements is true?

A.If the market rate of interest is 11%, the bonds will issue at a discount.

B.If the market rate of interest is 11%, the bonds will issue above par.

C.If the market rate of interest is 11%, the bonds will issue at par.

D. If the market rate of interest is 11%, the bonds will issue at a premium