A $\_\_\_\_\_\_\_\_$ bond can be paid off early at a specified price.

sevenseven$-$year

bonds payable with face value of

$ $90$ comma $000$$$90,000$

and stated interest rate of

$1212\%,$

paid semiannually. The market rate of interest is

$1212\%$

at issuance. Same bonds payable as in requirement$1,$ but the market interest rate is

$14\%.$