Bonds: $3,000,000 Par Value Semiannual Interest Payments Three-Year Life Annual Contract Rate: 12% Annual Market Rate: 10% 9. What is the price of the bond? A S3,152,270.76 B. $3,187,305.54 C. $3,215,852.37 D. $3,330,744.36 10. What is the amount of the bond premium? A. S330,744.36 B. $187,305.54 C. $152,270.76 D. $215,852.37 11. What is the semi-annual cash payment to the bondholder? A. S150,000 B. $160,000 C. $170,000 D. S180,000 12. What is the total amount of interest expense over the life of the bond? A. $927,729.24 B. $945.756.32 32. Future Value of si John and Mary Rich invested $15,000 in a savings account paying 5.25% interest at the time their son, Mike, was born. The money is to be used by Mike for his college education. On his 18 birthday, Mike withdraws the money from his savings account. How much did Mike withdraw from his account? A. $42,755.32 B. $30,345.27 C. $35,233.89 D $37,678.11