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i just need the issue price [The following information applies to the questions displayed below On January 1, 2018, water world issues $24.4 million of

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i just need the issue price

[The following information applies to the questions displayed below On January 1, 2018, water world issues $24.4 million of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Water World intends to use the funds to build the world's largest water avalanche and the "tornado"- a giant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel a the bottom. 6. value: Required information 10.00 points Required: 1-a. If the market rate is 6%, calculate the issue price. FVof 1 PV of $1 FVA of $1, and PV of $1 (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round "Market interest rate" to 1 decimal place. Enter your answers in dollars not in millions.) Bond Characteristics Amount Face amount Interest payment Market interest rate Periods to maturity Issue price $ 24,400,000 $854,000 3.0% 20

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