On July 1, 2014 Botwin Company issues exist1,000,000, 10%, bonds payable due to 10 years. Click here and use the to select the relevant interest rate to answer the following questions. a. If the market rate of interest is 12%, what is the issue price of the bonds payable? b. If the market rate of interest is 12%, what is the discount on the bonds payable? c. If the market rate of interest is 12%, what is the carrying amount of the bonds payable on the data of issuance? d. If the market rate of interest is higher than the contract rate of interest, the bonds will sell for _____ their face value. a. If the market rate of interest is 14%, what is the selling price of the bonds payable? b. If the market rate of interest is 14%, what is the discount on the bonds payable? c. If the market rate of interest is 14%, what is the carrying amount of the bonds payable on the date of issuance? If the contract rate of interest remains constant, the amount of the discount when the bond is issued will _____ as the market rate of interest increases