The following appeared in the January 1,2022, issue of the Up2Date Financial \& Accounting Times: The announcement described below is not an offer of securities for sale or an offer to buy securities. Copies of the prospectus and the related prospectus supplement may be obtained from such of the undersigned as may legally offer these securities under applicable securities laws. Williams \& James Inc. Vlad, Faust, \& Leonides Inc Pace \& Xavier, Inc. Slade \& Soyer Inc. 1. Based on the information provided in the announcement, were the bonds issued at a premium or discount? a. Is the market rate of interest higher or lower relative to the 9.15% indicated? 2. Based on the information provided, what is the selling price of the bonds? 3. If debt issue costs were $101,000 and the bonds were issued on January 1 , 2022, what entry did Dedicated Accounting Students use to record the sale? 4. In practice, what do you think is a more common pricing of bonds (discount or premium)? Explain why