Target Corp. is preparing a bond offering with a 6 percent, semiannual coupon and a face value of $1,000. The bonds will be repaid in 10 years and will be sold at par. Given this, which one of the following statements is correct? The bonds will sell at a premium if the market rate is 5.5 percent The bonds will pay 10'interest payments of $60 each The bonds will become discount bonds if the market rate of interest declines The bonds will initially sell for $1,030 each