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Exercise 9-21 (Algo) Calculate the issue price of bonds (L09-7) [The following information applies to the questions displayed below) On January 1, 2024, Tropical World
Exercise 9-21 (Algo) Calculate the issue price of bonds (L09-7) [The following information applies to the questions displayed below) On January 1, 2024, Tropical World issues $39.5 million of % 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 cate is 9%, calculate the issue price. EV SLEX EVA at, and Po 3-6. Will the bonds issue at face amount, a discount, or a premiu Complete this question by entering your answers in t Bend Char 2 Q W N A N 43 20 54 E R S D X C H ption command 55 of PVA of, and PVA of $1) (Upp MacBook Air 96 &7 T Y U FGH < 8 69 " " 0 -O P J K L B N M . V of command optio Required EVITOUVIE 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, Tropical World issues $39.5 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. Exercise 9-21 (Algo) Part 3 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? Complete this question by entering your answers in the tabs below. Req 3a Req 36 Will the bonds issue at face amount, a discount, or a premium? Will the bonds issue at face amount, a discount, or a premium
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