Question 9 (3 points) 9. Company A had a net income of $1,600, interest expense of $90 and income taxes of $700. Their "times interest earned" ratio is: OA. 2.29 OB. 26.56 OC. 25.65 OD. 19.81 Question 10 (3 points) 10. The market rate on a bond is the same as the effective rate. True False Question 11 (3 points) 11. How does a Company that has issued bonds calculate interest expense (assuming the stated rate and the market rate are not the same)? A. Stated rate times carrying value of the bonds OB. Market rate times carrying value of the bonds O C. Stated rate times face value of the bonds D. Market rate times face value of the bonds Question 12 (3 points) 12. If a bond has a stated rate of 6% and the market rate is 8%, the bond will sell at: OA. A discount OB. A premium OC. A premium Question 13 (3 points) 13. A secured bond is one that: O A. Matures in installments O B. Is registered in the name of the holder O C. Is issued with a deep-discount O D. Is backed by collateral Question 14 (3 points) 14. What rate is used to calculate the present value of a bond on the present value table? A. Stated rate OB. Coupon rate OC. Nominal rate OD. Market rate OE. None of the above