12) Alfred lost his 3-year-old camera. It cost him $200 three years ago and had a life expectancy of 6 years. Alfred has actual cash value insurance on this camera, which means his insurance company will issue him a check for for his loss. A new camera costs $150. A) $200 B) $75 C) $150 D) none of the above 38) XYZ company issued callable bonds three years ago with a 7% coupon rate. Today, the market rate of interest was lowered to 4%. What most likely will happen next? A) XYZ company will raise the coupon rate of their bonds. B) XYZ company will lower the par value of their bonds. C) XYZ company will call their bonds in. D) None of the above is correct