16. Travel Inc had issued ten-year semi-annual bonds of Face value $1,000,000 and coupon rate 10% at 90. a. The Market Discount Rate at the time of issue was greater than 10% b. The cash interest paid over the life of the bond would be less than the interest expense C. The Market Discount Rate at the time of issue was less than 10% d. The profit from issuing the bonds was 2%. 17. On July 1, 2009 a semi-annual $800,000 with a coupon rate of 10% had a Net book value of $750,000. On December 31, 2009 the net book value was $755,000. The discount rate on this bond must be: a) 6% b) 12% c) 10% d) 14% e) none of these rates