16. (rounded to nearest dollar) A ten year bond issue with a face amount of $100,000 bears interest at the rate of 8.4%. The current market rate of interest is 8.6%. Determine the issue price of this annual bond. 17. Bond X and Bond Y are 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 8% interest while Bond Y pays 7% interest. The current market rate of interest is 7%. 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 premium? 19. % The company issues 9.5%,10-year bonds with a face amount of $1,000,000 on January 1,20A for $1,000,000. Interest is paid semiannually on June 30 and December 31. What was the market interest rate for the bond issuance