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Mdder Corporation's balance sheot shows an historkal book value for long-term debt fbondh, at pan of $23,500,000. The bonds tarne an 6,4\% coupon rate, payable semlannually, and a par value of $1,000. They mature exactly 10 vears from today. The vield to maturity is 9.05% so the bonds now sell below par. What is the current market value of the firm's debt? Hint: Calculate the price of the bonds, and multiply by number of bonds (book value /1,000 ) to calculate market value. Your answer should be between 17,746,000 and 20,054,000, with no special characters. Question 18 Arco Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 7.90% yield to maturity, but it can be called in 6 years at a price of $1,045. What is the bond's yeld to call? Hint: Calculate the bond's price based on the YTM, and then use that price to find the YTC. Your answer should be between 4.08 and 10.64 , rounded to 2 decimal places, with no special characters. Vour answor should be betwonn 4.25 and 9,10 , roundod to 2 doclmal places, with no special characters. Question 20 Blackstone Energy is planning to issue two types of 25 -year, non-callable bonds to raise a total of $6 million. First, 3,000 bonds with a 10% annual coupon rate will be sold at their $1,000 par value to raise $3 million. Second, original issue discount (010) bonds, ako with a 25 -year maturity and a $1,000 par value, will be sold, but these bonds will have a nominal coupon of only 6.90%, also with annual payments. The OID bonds must be offered at a discount (i.e., below par) in order to provide investors with the same yield as the par bonds. How many OID bonds must the firm issue to raise the other $3 million? You may round your answer up or down to a whole number of bonds. Hint: Calculate the price of OID bonds (given the nominal coupon rate and yield of 10% ), and divide that price into the $3 miltion: our answer should be between 3150 and 4850 , with no special characters