Bond Problem #1 A company is issuing a $500,000, 10-year bond with a stated interest rate of 9% paid semiannually. The market rate of interest is 8%. How much money does the company receive when they issue the bond? Bond Problem #2 A company is issuing a $900,000, 7-year bond with a stated interest rate of 11% paid semiannually. The market rate of interest is 12%. How much money does the company receive when they issue the bond? TVOM Problem Sandy Lopez just graduated from college and has $40,000 in student loans. The loans bear interest at a rate of 8% and require quarterly payments. a) What amount should Sandy pay each quarter if she wishes to pay off her student loans in 6 years? b) Sandy can only afford to pay $1,500 per quarter. How long will it take Sandy to repay her loans?