47 points eBook Hint 0 t Ask Print References On January 1, 2024, Frontier World issues $41 million of 9% bonds, due in

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47 Points Ebook Hint 0 T Ask Print References On January 1 2024 Frontier World Issues 41 Million Of 9 Bonds Due In 1 (41.76 KiB) Viewed 10 times

47 points eBook Hint 0 t Ask Print References On January 1, 2024, Frontier World issues $41 million of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. 2-a. If the market rate is 9%, calculate the issue price, (EV.of $1. PM at $3, EVA of $1. and PVA of $) 2-b. Will the bonds issue at face amount, a discount, or a premium Complete this question by entering your answers in the tabs below. Reg 2 Rea 2b If the market rate is 9%, calculate the issue price.(FV of $1. PV of $1, EVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in dollars, not in milions (ie-55.5 milion should be entered as 5,500,000), Round your final answers to the nearest whole callar) Bond Characteristics Face amount Interest payment Number of periods Market interest rate Issue price $ Amount 41,000,000 → 20 0.9% Req2b >