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On January $1,2024,$ Ocean World issues $$40\mathrm{.}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 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.

$3-$a$.$ If the market rate is $9\%,$ calculate 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?

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Req$3a$

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\mathrm{.}5$ million should be entered as $5,500,000.$ Round your final answers to the nearest whole dollar.$)$

$\backslash$table$[[$Bond Characteristics,Amount$],[$Face amount,$$,40,900,000$