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if you can show your work please! Required information Exercise 9-18A Calculate the issue price of bonds (LO9-7) [The following information applies to the questions
if you can show your work please!
Required information Exercise 9-18A Calculate the issue price of bonds (LO9-7) [The following information applies to the questions displayed below) On January 1, 2021, Frontler World issues $40.5 million of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 3 l each year. The proceeds will be used to bulid 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 9-18A Part 3 3-a. If the matket rate is 8\%, calculate the issue price. (FV of S1. PV of \$1. EVA of S1, and PVA of S1) (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.) 3.b. The bondis will issue at A Discount A Premium Face amount Step by Step Solution
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