Get Away Vacations signed a 14%, 10-year note for $157,000. The company paid an installment of $2100 for the first month. What portion of the first monthly payment is interest expense? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) A) $268 B) $35,063 C) $15,183 D) $1832 Which of the following describes a serial bond? A) a bond that matures in installments at regular intervals B) a bond that gives the bondholder a claim for specific assets C) a bond that matures at one specified time D) a bond that is not backed by specific assets QUESTION 13 Which of the following statements is TRUE of a bond that is issued at a discount? A) The bond will be issued at par. B) The stated interest rate is higher than the prevailing market interest rate. C) At maturity, the bond will repay an amount that is less than the face value. D) The bond will be issued for an amount less than the face value. QUESTION 14 If bonds with a face value of $209,000 are issued at 93, the amount of cash proceeds is OA) $208,907 B) $209,000 C) $194,370 D) $179,740