15 Exercise 9-18A Calculate the issue price of bonds (L09-7) [The following information applies to the questions displayed below.) On January 1, 2021, Frontier World issues $40.0 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. Part 3 of 55 Exercise 9-18A Part 3 eBook 3-a. If the market rate is 9%, calculate the issue price (FV of $1. PV of $1. EVA of S1, 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. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Han Print References Amount 40,000,000 $ Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price MC 3-b. The bonds will issue at References O A Discount A Premium Face amount