Woodsman Company Issued $400,000 of 6-Year, 6% Bonds with Interest

Multiple Choice

Woodsman Company issued $400,000 of 6-year, 6% bonds with interest payments occurring annually at the end of each year. What additional information is needed in order to determine the selling price of these bonds?

A) The face amount of the bonds
B) The bond covenants
C) The market rate of interest
D) The stated rate of interest