9-13

Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9.7) [The following information applies to the questions displayed below] On January 1, 2024, Ocean World issues $40.9 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 bulld 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 (Algo) Part 3 3-a. If the market rate is 9%, caiculate 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. If the market rate is 9%, 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, Enter your answers in dollars not in millions (i.e., $5.5 miltion should be entered as 5,500,000). Round your finai answers to the nearest whole dollar.) Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9-7) [The following information applies to the questions displayed below] On January 1, 2024, Ocean World issues $40.9 miliion 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. Exercise 9-21 (Algo) Part 3 3-a. If the market rate is 9%, calculate the issue price. (EV of $1. PV of $1, EVA 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. Will the bonds issue at face amount, a discount, or a premium