Question: QUESTION 15 Acme issues a $300,000 bond with a 5% coupon payment with a maturity of 20 years. The bond is issued at 97%, but

QUESTION 15 Acme issues a $300,000 bond with a 5% coupon payment with a maturity of 20 years. The bond is issued at 97%, but callable after five years at 103. Assuming it is called after five years at 103, what is the total interest expense for the bond issue? O a. $309,000 b. $93,000. O c. $90,750 d. $75,000. QUESTION 16 The Benson bond is a 1% coupon bond with semiannual coupon payments that matures in 22 years. If the YTM for this bond is 3.5%, what is the value of the bond? O a. $642.55. b. $640.30. c. $620.82. O d. $618.65

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