State Street Beverage Company issues $$805,000$ of $9\%,10-$year bonds on March $31,2024.$ The bonds pay interest on March $31$ and September $30.$ Which of the following statements is TRUE?

Question $13$ options:

If the market rate of interest is $10\%,$ the bonds will issue at a discount.

If the market rate of interest is $10\%,$ the bonds will issue at par.

If the market rate of interest is $10\%,$ the bonds will issue above par.

If the market rate of interest is $10\%,$ the bonds will issue at a premium.