Calculate the issue price of bonds.

Required information Exercise 9-22 (Algo) Calculate the issue price of bonds (L09-7) (The following information applies to the questions displayed below.) On January 1, 2024, Water World issues $25_3 million of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Water World intends to use the funds to build the world's largest water avalanche and the "tornado" a giant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel at the bottom. Exercise 9-22 (Algo) Part 3 3-a. Ifthe market rate is 7%, calculate the issue price. (FV of $1, PV of $1, FVA of SI 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. Req 3a Req 3b If the market rate is 7%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Note: Use tables, Excel, or a financial calculator. Enter pur answers in dollars not in millions (i.e., $5.5 million should be entered as 5,500,000). Round pur final answers to the nearest whole dollar.) Cha Face amount Interest payment Number of periods Market interest rate Issue price 759,000 40 Req 3b