9. Discount-Mart issues $10 million in bonds on January 1, 2015. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Cash Paid Interest Expense Increase in Carrying Value Carrying Value Date $8,640,967 8.686.606 8.734.070 8.783.43.3 8,834.770 1/1/2015 12/31/2015 6/30/2016 12 31/2016 6/30/2015 $300.000 $345,639 347,464 349,363 351,337 300,000 300,000 300,000 S45.639 47,464 49,363 51,337 What is the stated annual rate of interest on the bonds? A -3% B. 4% ?. 6% D. 8% ?. 10% 10. On January 1, 2017, a corporation issued $500,000, 8%, 10 year bonds. The bonds pay interest semi-annually on June 30 and December 31, The market rate of interest if 10%. Determine the selling price of the bond. A. $475,000 B. S539.550 C. S500,050 D. S499,800 E. $437,740