When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at a. their face value Ob. a discount Oc. a premium Od. their maturity value The interest rate specified in the bond indenture is called the Oa. discount rate Ob. market rate c. effective rate Od. contract rate A legal document that indicates the name of the issuer, the face value of the bond and such other data is called Oa a convertible bond Ob. a bond indenture c. trading on the equity d. a bond debenture Bonds that are subject to retirement prior to maturity at the option of the issuer are called Oa. callable bonds Ob. options Oc. early retirement bonds Od. debentures