13. What is the price of the bond? A. 963,544.12 B. 952,877.65 C. 947,578.63 D. 925,587.96 14. What is the amount of the bond discount? A. 52,421.37 B. 50,865.35 C. 47,822.45 D. 45,647.24 15. What is the semi-annual cash payment to the bondholder? A. 25,000 B. 30,000 C. 35,000 D. 40,000 16. What is the interest expense for the second semi-annual payment under the effective interest method? A. 37,903.15 B. 38,219.27 C. 38,548.04 D. 38,889.96