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Requirement 1. If the market interest rate is 5% when DCU issues its bonds, will the bonds bo priced at face value, at a premium, or at a discourt? Explain The 7% bonds igsed when the market interest rale is 5% will be priced at acquire them. They are in this market, so investors will pay Requirement 2 . If the markot interest rate is 6% when DCU issues its bonds, will the bonds be priced at face valuo, at a premum, of at a discouri? Explain. The 7% bonds isseed when the markot interest rate is 8% will be priced at acquire them. They are in this markel, so investors will pay Requirement 3. The issue price of the bends is 93. Joumalize the bond transactions. (Assume bonds payable are amortized using the straight line amortization method Recerd debits first, then credits. Select explanations on the last line of the joumal entry Round your answers to the nearest whole dolor.) a. Joumalize the issuance of the bonds on January 1.2024 b. Joumalize the payment of interest and amortization on June 30,2024. c. Journalize the payment of interest and amortization on December 31,2024. Retirement of the bond at maturity on December 31,2043 , assuming the last interest payment has already been recorded