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 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 1 Required: 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? Complete this question by entering your answers in the tabs below. 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( $ ) from the tables provided. Enter your answers in dollars not in millions (1.4.,$5.5 million should be entered as 5,500,000 ). Round your final answers to the nearest whole dollar.) Required: 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? Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, or a premium? Will the bonds issue at face amount, a discount, or a premium