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47 points eBook H 10 On January 1, 2024, Frontier World issues $41 million of 9% bonds, due in 20 years, with interest payable
47 points eBook H 10 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. 2-a. If the market rate is 9%, calculate the issue price. (EV of $1, PM of $1, EVA of S1 and PVA of $3 2-b. Will the bonds issue at face amount, a discount, or a premium Complete this question by entering your answers in the tabs below. Ask Print Red 2 Req 2b If the market rate is 9%, calculate the issue price.(FV of $1, PV of $1, EVA of $1, and PVA of S1) (Use appropriate factor(s) from the tables provided. Enter your answers in dollars not in millions (ie. 55.5 million should be entered as 5,500,000). Round your final answers to the nearest whole collar) Bond Characteristics Amount References Face amount $ 41,000,000 Interest payment Number of periods Market interest rate Issue price 201 0.9% Req 2b >
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