16. $ frounded to nearest dollar) A five year bond issue with a total face amount of $1,000,000 bears interest at the rate of 7.5%. The current market rate of interest is 7.6%. Determine the issue price of this annual 17. Bond X and Bond Yare both issued by the same company. Each of the bonds has a face value of $100,000 and each matures in 10 years. Bond X pays 7% interest while Bond Y pays 6% interest. The current market rate of interest is 6%. Which of the following is correct? a. Both bonds will sell for the same amount. b. Bond X will sell for more than Bond Y. C. Bond Y will sell for more than Bond X d. Both bonds will sell at a premium. 18. Given the information below, which bond(s) will be issued at a discount? Stated Rate of Return Market Rate of Return Bond 1 5% 7% Bond 2 7% 8% Bond 3 12% 12% Bond 4 10% 9% 19. % TAR Company issues 4.75%, 5-year bonds with a face amount of $400,000 on January 1, 20A for $400,000. Interest is paid semiannually on June 30 and December 31. What was the market interest rate for the bond issuance