aded Homework Saved Help On August 1, 2011, Bonnie purchased $14,500 of Huber Co.'s 14%, 15-year bonds at face value. Huber Co. has paid the semiannual interest due on the bonds regularly. On August 1, 2019, market rates of interest had fallen to 12%, and Bonnie is considering selling the bonds. Use the present value tables (Table 6-4 and Table 6-5) (Round your PV factors to 4 decimal places.) Required: Calculate the market value of Bonnie's bonds on August 1, 2019. (Round your answer to 2 decimal places.) Market value Swee Reynolds Co. issued $89 million face amount of 6.75% bonds when market interest rates were 6.52% for bonds of similar risk and other characteristics. Required: a. How much interest will be paid annually on these bonds? (Enter your answer in dollars, not millions of dollars.) b. Were the bonds issued at a premium or discount? c. Will the annual interest expense on these bonds be more than, equal to, or less than the amount of interest paid each year? a. Annual interest payment b. Bonds issued Annual interest expense will be ded Homework Saved Help Save & A firm issues long-term debt with an effective interest rate of 10%, and the proceeds of this debt issue can be invested to earn an ROI of 12% Required: What effect will this financial leverage have on the firm's ROE relative to having the same amount of funds invested by the owners/stockholders? Multiple Choice ROE will be higher using debt. ROE will be higher using equity ROE will remain same