15 On July 1, 2018 a semi-annual $600,000 bond with coupon rate of 10% had a Net book value of $500,000. On Dec 31 2019, the bond was repurchased for $500.000. The Gain on the repurchase was $7,500. The Net Book Value of the bond on Dec 31, 2018 was: $507.500 $492,500 $592,500 $607,500 $600,000 Question 16 On July 1, 2018 a semi-annual $600,000 bond with coupon rate of 10% had a Net book value of $500.000. On Dec 31 2019, the bond was repurchased for $520.000. The loss on the repurchase was $15,000. The market discount rate on the bond was 34% 150 970 4.25% 13% 2 pt 2 pts 2 pt