43 Required information [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. Hook erences Required: 1-a. If the market rate is 7%, calculate the issue price. (EV of S1. PV at S1. EVA of 51, and PVA of 51) (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.) Bond Characteristics Amount S 40,000,000 nc row Face amount Interest payment Periods to maturity Market interest rate Issue price Check my work Pix 123 of 14 Next > 329 PM