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  1. business
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  3. on january 1, 2024, a company issues $39.5 million

On January 1, 2024, a company issues $39.5 million of 8% bonds, due in 15...

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Accounting

On January 1, 2024, a company issues $39.5 million of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: 1-a. If the market rate is 7%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) 1-b. Will the bonds issue at face amount, a discount, or a premium? 2-a. If the market rate is 8%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) 2-b. Will the bonds issue at face amount, a discount, or a premium? 3-a. If the market rate is 9%, calculate the issue price. (FV of $1, PV of

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