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market interest rate and issue price please! if you can show the work too. Required information. Exercise 9-18A Calculate the issue price of bonds (LO9-7)
market interest rate and issue price please! if you can show the work too.
Required information. Exercise 9-18A Calculate the issue price of bonds (LO9-7) [The following information applies to the questions displayed below] On Janvary 1, 2021. Frontler World issues $40.5 mililon of 7. bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to bulid a new tide 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 1 Required: 1-a. If the market rate is 6%, calculate the issue price. (EV of S1, PV of S1. FVA of \$1, 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.) 1-b. The bonds will issue at A Discount A Preminm Face amount Step by Step Solution
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