Chapter 9 Homework Seved Help Sav 10 Part 1 of 3 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. 5 points 02:01:50 Required: 1-a. If the market rate is 7%, calculate the issue price. (EV of $1. PV of $1. EVA of $1, and PVA of $1 (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.) eBook Amount 40,000,000 Hint $ Bond Characteristics Face amount Interest payment Periods to maturity Market Interest rate Issue price Print References 1-b. The bonds will issue at Air