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! Required information Exercise 9-21(Static) Calculate the issue price of bonds (LO9-7) ...

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Required information
Exercise 9-21(Static) Calculate the issue price of bonds (LO9-7)
[The following information applies to the questions displayed below.]
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.
Exercise 9-21(Static) Part 3
3-a. If the market rate is 10%, calculate the issue price. (FV of $1,PV of $1, FVA of $1, and PVA of $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.
Req 3b
If the market rate is 10%, 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. Do not round interest rate factors. Enter your answers in dollars not in millions (i.e., $5.5
million should be entered as 5,500,000.)
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