Current Liabilities and Long-Term Debt 43 S9-8. Determining the issue price for bonds (Learning Objective 5) 5-10 min. Determine whether the following bonds payable will be issued at par, at a premium or at a discount: a. The market interest rate is 5 percent. Wilson, Corp, issues bonds payable with b. Apex, Inc., issued 6% percent bonds payable when the market rate was c. Huntwood Corporation issued 9 percent bonds when the market interest rate d. Billings Company issued bonds payable that pay cash interest at the stated rate a stated rate of 62 percent. 74 percent. was 9 percent. of 5 percent. At the date of issuance, the market interest rate