Determine whether the following bonds payable will be issued at par value, at a premium, or at a discount.

a. Evergreen Company issued bonds payable that pay stated interest of 61/4%. On the date of issuance, the market interest rate was 63/4%.

b. Seven Hills, Inc., issued 3% bonds payable when the market rate was 33/4%.

c. Flagstaff Corporation issued 5% bonds when the market interest rate was 5%.

d. The market interest rate is 4%. Rainforest Corp. issues bonds payable with a stated rate of 51/2%.