- On January 1 2024 Tropical World Issues 39 2 Million Of 8 Bonds Due In 15 Years With Interest Payable Semiannually 1 (38.6 KiB) Viewed 27 times
- On January 1 2024 Tropical World Issues 39 2 Million Of 8 Bonds Due In 15 Years With Interest Payable Semiannually 2 (31.18 KiB) Viewed 27 times
On January 1, 2024. Tropical World issues $39.2 million of 8% bonds, due in 15 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. Exercise 9-21 (Algo) Part 3 3-0. If the market rate is 9%, calculate the issue price. (FV of $1. PV of $1. EVA of S1, and PVA OLS1) 3-b. Will the bonds issue at face amount a discount, or a premium? Complete this
question by entering your answers in the tabs below. Regja Reg 36 es If the market rate is 9%, calculate the issue price.(FV of $1, PV of $1, FVA of $1, and PVA of 51) (Use appropriate factor 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) Amount 39,200,000 $ Bond Characteristics Face amount forest payment Number of pontos Market interest rate Issue price RO Req3b>
On January 1, 2024, Tropical World issues $39.2 million of 8% bonds, due in 15 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, Exercise 9-21 (Algo) Part 3 3-o. If the market rate is 9%, calculate the issue price (Vor $1. PV of $1. EVA of $1, and PVA O $1) 3-b. Will the bonds issue at face amount a discount, or a premium? Complete this
question by entering your answers in the tabs below. Regja Req3b Will the bonds issue at face amount, a discount, or a premium? Will the bonds issue at face amount a discount or a promium? < Req3a Reeb