Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Need help, partly anwsered Required information [The following information applies to the questions displayed below.] On January 1, 2024, Ocean World issues $39.1 million of
Need help, partly anwsered
Required information [The following information applies to the questions displayed below.] On January 1, 2024, Ocean World 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 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. Required: 1-a. If the market rate is 8%, calculate the issue price. (FV of $1,PV of $1, FVA of $1, and PVA of $1 ) 1-b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, or a premium? \begin{tabular}{|l|l|l|} \hline Will the bonds issue at face amount, a discount, or a premium? A Premium \\ \hline \end{tabular} Required information [The following information applies to the questions displayed below.] On January 1,2024 , Ocean World 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 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. 2-a. If the market rate is 9%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) 2-b. Will 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 9%, 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 dollars not in millions (i.e., $5.5 million should be entered as 5,500,000 ). Round your final answers to the nearest whole dollar.) Required information [The following information applies to the questions displayed below.] On January 1, 2024, Ocean World 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 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. 2-a. If the market rate is 9%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) 2-b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, or a premium? \begin{tabular}{|l|l|} \hline Will the bonds issue at face amount, a discount, or a premium? & Face amount \\ \hline \end{tabular} Required information [The following information applies to the questions displayed below.] On January 1,2024 , Ocean World 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 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. 3-a. If the market rate is 10%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) 3-b. Will 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 dollars not in millions (i.e., $5.5 million should be entered as 5,500,000 ). Round your final answers to the nearest whole dollar.) Required information [The following information applies to the questions displayed below.] On January 1, 2024, Ocean World 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 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. 3-a. If the market rate is 10%, calculate the issue price. (FV of $1,PV of $1, FVA of $1, and PVA of $1 ) 3-b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, or a premium? Will the bonds issue at face amount, a discount, or a premium? A Discount Required information [The following information applies to the questions displayed below.] On January 1,2024 , Ocean World 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 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. Required: 1-a. If the market rate is 8%, calculate the issue price. (FV of $1,PV of $1,FVA of $1, and PVA of $1) 1-b. Will 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 8%, 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 dollars not in millions (i.e., $5.5 million should be entered as 5,500,000 ). Round your final answers to the nearest whole dollar.) Required information [The following information applies to the questions displayed below.] On January 1, 2024, Ocean World 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 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. Required: 1-a. If the market rate is 8%, calculate the issue price. (FV of $1,PV of $1, FVA of $1, and PVA of $1 ) 1-b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, or a premium? \begin{tabular}{|l|l|l|} \hline Will the bonds issue at face amount, a discount, or a premium? A Premium \\ \hline \end{tabular} Required information [The following information applies to the questions displayed below.] On January 1,2024 , Ocean World 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 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. 2-a. If the market rate is 9%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) 2-b. Will 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 9%, 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 dollars not in millions (i.e., $5.5 million should be entered as 5,500,000 ). Round your final answers to the nearest whole dollar.) Required information [The following information applies to the questions displayed below.] On January 1, 2024, Ocean World 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 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. 2-a. If the market rate is 9%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) 2-b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, or a premium? \begin{tabular}{|l|l|} \hline Will the bonds issue at face amount, a discount, or a premium? & Face amount \\ \hline \end{tabular} Required information [The following information applies to the questions displayed below.] On January 1,2024 , Ocean World 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 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. 3-a. If the market rate is 10%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) 3-b. Will 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 dollars not in millions (i.e., $5.5 million should be entered as 5,500,000 ). Round your final answers to the nearest whole dollar.) Required information [The following information applies to the questions displayed below.] On January 1, 2024, Ocean World 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 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. 3-a. If the market rate is 10%, calculate the issue price. (FV of $1,PV of $1, FVA of $1, and PVA of $1 ) 3-b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, or a premium? Will the bonds issue at face amount, a discount, or a premium? A Discount Required information [The following information applies to the questions displayed below.] On January 1,2024 , Ocean World 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 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. Required: 1-a. If the market rate is 8%, calculate the issue price. (FV of $1,PV of $1,FVA of $1, and PVA of $1) 1-b. Will 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 8%, 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 dollars not in millions (i.e., $5.5 million should be entered as 5,500,000 ). Round your final answers to the nearest whole dollar.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started