A bond's coupon interest payments and principal repayment are not affected by changes in market rates. Consequently, if market rates increase, bond investors in the secondary markets are not willing to pay as much for a claim on a given bond's fixed interest and principal payments as they would if market rates were lower. Answer the following questions: How is the selling price determined for a bond? Compare the two commonly used methods of determining interest expense (issuer) and revenue (investor) on bonds. What financial statement disclosures must be made in connection with long term debt