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i just need the issue price plz The following information applies to the questions displayed belowj On January 1, 2018, Frontier World issues $40.7 million
i just need the issue price plz
The following information applies to the questions displayed belowj On January 1, 2018, Frontier World issues $40.7 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 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. value: Required informatlon 10.00 points Required 1-a. If the market rate is 8%, calculate the issue price (F ? 1, 0 1 E A ofs and AOf use appropriate actor s from the table round interest rate factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place.) ro idea o no Bond Characteristics Amount Face amount Interest payment Market interest rate Periods to maturity Issue price $ 40,700,000 $ 1,831,500 4.0% 40Step by Step Solution
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