Check my w Required information 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 $40.3 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 ines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ok ences Exercise 9-21 (Algo) Part 1 Required: 1-a. If the market rate is 7%, calculate the issue price. (FV of $1. PV of $1, EVA of $1, and PVA of $1) 1-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 la Req 1b If the market rate is 7%, 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 million should be entered as 5,500,000). Round your final answers to the nearest whole dollar.) Rond Characteristics Amount Complete this question by entering your answers in the tabs below.. Required information factor(s) from the tables provided. Enter your answers in dollars not in millions (i.e., $5.5 million should be entered as 5,500,000). Round your final answers to the nearest whole dollar.) Bond Characteristics Face amount Interest pay ent Number of periods Wet interest rate Issue price Amount $ 40,300,000 Reg 1a Req 1b > Book 1-a. If the market rate is 7%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) 1-b. Will the bonds issue at face amount, a discount, or a premium? 0 Required information Req la Req 1b rences Will the bonds issue at face amount, a discount, or a premium? Will the bonds issue at face amount, a discount, or a premium? < Req 1a Req 1b >