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Which of the following explains the difference between a bond issued at a discount versus a bond issued at a premium? Bonds issued at a discount have a contractual interest rate higher than the market rate; bonds issued at a premium have a contractual interest rate lower than the market rate. O Bonds issued at a discount are sold for less than face value, whereas bonds issued at a premium are sold for more than face value. O Bonds issued at a discount are second in priority to bonds issued at a premium, should the company be liquidated. O Bonds issued at a discount pay interest only at maturity; bonds issued at a premium pay interest semiannually. Save for Later Submit Answer