24) A newly issued bond bas a coupon rate of 5 percent and semiannual interest payments. The bonds are currently priced at par. The effective anmual rate provided by these bonds must be: A) greater than 5 percent. B) greater than 2.5 percent but less than 5 percent. C) 2.5 percent. D) less than 2.5 percent. E) 5 percent. 25) Which one of the following is classified as a current asset? A) Office furniture B) Inventory C) Patent D) Notes payable E) Accounts payable