Question 15 (1 point) On September 1, 2018. Hiker Shoes issued a $100,000. 8-month, noninterest- bearing note. The loan was made by Second Commercial Bank where the stated discount rate is 9%. Hiker's effective interest rate on this loan (rounded) is: 9.0% 9.5% 9.6% 9.7%. Question 16 (1 point) General Product Inc. distributed 100 million coupons in 2018. The coupons are redeemable for 30 cents each. General anticipates that 70% of the coupons will be redeemed. The coupons expire on December 31, 2019. There were 45 million coupons redeemed in 2018 and 30 million redeemed in 2019. What was General's coupon liability as of December 31, 2018? $7.5 million $13.5 million $16.5 million $21.0 million Question 17 (1 point) Seybert Systems accounts for its investment in Wang Engineering as available for sale. Seybert's balance in accumulated other comprehensive Income with respect to the Wang investment is a credit balance of $20.000, and Seybert reports the investment at $100,000 on its balance sheet. Seybert purchased the Wong investment for (ignore taxes): $100.000 $120,000 $80,000 Cannot be determined from this information