Please explain and help solve. I'm terrible at accounting.

1. A company issued bonds with a stated interest rate of 7% when the market interest rate is 9%. Would these bonds be issued at a discount or a premium? Explain your answer. (4pts)
2. Would the company prefer to issue their bonds at a discount, a premium or at face value? Explain. (5pts)
3. Calculate the bond issue price for the following scenarios and state whether it would be issued at a discount, a premium or at face value. (The interest rates showing are the stated interest rates.) (2pts each):

a. $300,000 8% bond issued at 100

b. $900,000 4% bond issued at 105

c. $600,000 5% bond issued at 93