he Sove Che Required Information [The following information applies to the questions displayed below.) On January 1, 2021, Frontier World issues $40.9 milion of 8% bonds, due in 15 years, with Interest payable semiannually on June 36 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. 2-a. If the market rate is 8%, calculate the issue price. (FV of $1. PV of $1. FVA of S1, and PVA of $0 (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.) M Amount $ 40,000,000 Band Characteristics Face amount Interest payment Periods to maturity Market Interest rate prion Fences 2-b. The bonds will issue at A Discount A Premium Foce amount