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Required information Exercise 9-18A Calculate the issue price of bonds (LO9-7) [The following information applles...

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Required information Exercise 9-18A Calculate the issue price of bonds (LO9-7) [The following information applles to the questions displayed below] On January 1, 2021, Frontier World issues 540.5 million of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to bulid 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 9-18A Part 2 2-a. If the market rate is 75 . Calculate the issue price. (EV of S1. PV of S1. EVA of S1, and PVA of S1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in doliars not in millions. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) 2-b. The bonds will issue ot A Discount. A Premum Face amount

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