Thomas, Inc. issued $$1,000,000$ of bonds at $$1,200,000.$ This indicates that:

Select one:

a$.$ All of the other answers are correct.

b$.$ The bond contractual interest rate is greater than the market interest rate.

c$.$ The bond contractual rate is equal to the market interest rate.

d$.$ None of the other answers are correct.

e$.$ The bond contractual interest rate is less than the market interest rate.