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21. $ (rounded to nearest dollar) A ten year bond issue with a face amount of $100,000 bears interest at the rate of 5.25%. The

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21. $ (rounded to nearest dollar) A ten year bond issue with a face amount of $100,000 bears interest at the rate of 5.25%. The current market rate of interest is 5.20%. Determine the issue price of this annual bond. 22. Bond X and Bond Y are both issued by the same company. Each of the bonds has a face value of $100,000 and each matures in 10 years. Bond X pays 8% interest while Bond Y pays 7% interest. The current market rate of interest is 796, which of the following is correct? a. Both bonds will sell for the same amount. b. Bond X will sell for more than Bond Y c. Bond Y will sell for more than Bond X d. Both bonds will sell at a premium. 23. Given the information below, which bond(s) will be issued at a discount? Bond 1 Bod 2 Bond 3 Bond4 10% 7% 12% Stated Rate of Return Market Rate of Return 18% 7% $500,000. Interest is paid semiannually on June 30 and December 31. What was the market interest rate for the bond issuance? 24. % BAD Company issues 5.0%, 10-year bonds with a face amount of $500,000 on January 1, 2016 for

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