17. The Showman Co. issued a bond with the following characteristics: $60,000 principal, four-year duration, 10% annual coupon rate., interest paid semi-annually. The effective market rate at the time of issue was 8% annually. What should be the market price of this bond on the date of issue? O. $49,656 B. 50,491 c. $60,000 D. $64,040 E. 56,769 18. Joseph will start school on 9/1/14. He is expected to attend school for four years and will need to pay tuition of $50,000 on September 1st of each year. His uncle wants to make an investment on 9/1/10 that will provide sufficient funds for four years of tuition. Assuming he can earn 5% annually, how much must invest on 9/1/10. Choose the closest answer A. $27,282 B. $37,976 C. $104,167 D. $200,000 E. $153,156 19. Quanto Co. is evaluating a contingent liability. For which case below, may the company make no disclosure: A. The likelihood of the liability is "probable" 8. The liability is "reasonably possible" C. The liability is remote. D. Both A&C