10 CANTS ebook O Hm Prim References Tine following information applies to the questions displayed below On January 1, 20

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10 Cants Ebook O Hm Prim References Tine Following Information Applies To The Questions Displayed Below On January 1 20 1 (42.24 KiB) Viewed 10 times

10 CANTS ebook O Hm Prim References Tine following information applies to the questions displayed below On January 1, 2024, Frontier World issues $41 million of 9% bands, 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. Required: 1-a. If the market rate is 8%, calculate the issue price. (FV of S1 PV of SJ. EVA of $1, and PVA of SD 1-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 1a Reg 1b If the market rate is 8%, calculate the issue price. (FV of $1, PV of $1. FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in dollars not in millions (.e, $5.5 million should be entered as 5,500,000). Round your final answers to the nearest whole dollar) Bond Characteristics Face amount Interest payment Number of periods Market interest rate Issue price $ 15 15 Amount 41,000.000 1,640.000 40 4% 41,000,000 Req 1b >