QUESTION 13 A company issues bonds with a par value of $10,000,000 on lanuary 1, 2013. The bonds have an annual coupon rate of 5%, pay interest semi-annually, and will mature in 5 vears. If the market rate of interest on the bonds is 6% per vear, then what is the carrying amount of the bonds on December 31, 20157 [Note: the company uses the effective interest method of amortization.] O a. $9,729,140 b. $9.688,486 c. $9,649,015 d. 59,610,695 QUESTION 14 A company issues bonds with a par value of $15.000.000 on lanuary 1, 2015. The bonds have an annual coupon rate of 7%, pay interest semi-annually, and will mature in 8 years. If the market rate of interest on the bonds is 6% per year, then what are the proceeds from issuing the bonds? O a $15,931,469 O b. 515,942,083 O c. 515,883,202 O d. 515,824,322