27pt2

On January 1, 2024, a company issues $40.5 million of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Complete this question by entering your answers in the tabs below. If the market rate is 7%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) (Use appropriate factor(5) from the tables provided. Enter your answers in dollars not in millions (i.e., $5.5 million should be entered as 5,500,000). Round your final answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, or a premium? Will the bonds issue at face amount, a discount, or a premlum? Tatbe 1 Futury Valut of 31 Tolite 1 Prosent Wolus of 11 M 1A=11(i)+i4=1i