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help with 3a & 3b Required information The following information applies to the questions displayed below]. On January 1,2024, Ocean Worid issues $39.1 million of
help with 3a & 3b
Required information The following information applies to the questions displayed below]. On January 1,2024, Ocean Worid issues $39.1 million of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build o 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 tate is 10%, calculate the issue price. (FV of $1, RV of S1, EVA of S1, and PVA of S1) 3-b. Wil 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 10%, 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 doliars not in miltions (1,4.,55.5 mitlion should be entered as 5,500,000 ). Round vour final answers to the nearest whole dollar.) Step by Step Solution
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