XYZ Enterprises issues $1,000,000 of bonds paying a stated interest rate of 7%. The bonds are due in 10 years, with interest payable annually each year on Jan. 1 st. When the bonds are issued, other bonds of similar risk and maturity are paying 11% (i.e. the discount rate or market interest rate is 11% ). Calculate the issuance (sellina) price of this bond: Is the bond issued at a premium, discount, or face value (par)