Which of the following statements is false?

Bonds are issued at a discount when the coupon rate is lower than the market rate of interest.

If a bond with a face value of $10,000 is sold at $9,670, the amount that the issuer pays to the bondholder at the time of maturity is $9,670.

Discount on bonds payable is recorded as a deduction to bonds payable.

Discount on bonds payable represents an implicit interest.