- for 370.500 QUESTION 6 Xtel company issued bond with face value is 590,000, the stated rate is 10%, and the term of the bond is 3 years. The bond pays interest semiannually. At the time of issue, the market rate is 8. What is the present value of the bond for Bond prices at the issue date? (Do NOT or comma or any special symbol. Only give a number as your answer/Round to the nearest dollar) QUESTION 7 Early in the current year, Velka Co purchased the Fox Mine at a cost of $30,000,000. The mine was estimated to contain 500,000 tons of ore and to have a residual value of $4,000,000 after mining operations are completed. During the year, 200,000 tons of ore were removed from the mine. At year-end, the book value of the mine is? (Do NOT use 5 or comma or any special symbol. Only give a number as your answer) QUESTION 7 Early in the current year, Velka Co purchased the Fox Mine at a cost of $30,000,000. The mine was estimated to contain 500,000 tons of ore and to have a residual value of $4,000,000 after mining operations are completed. During the year, 200,000 tons of ore were removed from the mine. At year-end, the book value of the mine is? (DO NOT use S or comma or any special symbol. Only give a number as your answer)