Homework: Week Seven: Homework Mastery Problem - Chapter 14 Score: 0 of 8 pts 1 of 1 (0 complete) PF14-34A (similar to) On January 1, 2024. Agricultural Credit Union (ACU) issued 7% 20-year bonds payable with face value of $800,000. The bonds pay interest on June 30 and December 31 Read the requirements Requirement 1. If the market interest rate is 5% when ACU issues its bonds will the bonds be priced at face value at a premium, or at a discount? Explain The 7% bonds issued when the market interest rate is 5% will be priced at v They are in this market, so investors will pay to acquire them Click to select our and then cheat Fernando