On January $1,2024,$ a company issues $$39\mathrm{.}8$ million of $8\%$ bonds, due in $15$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Required:

$1-$a$.$ If the market rate is $7\%,$ calculate the issue price. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA af $$1)$

$1-$b$.$ Will the bonds issue at face amount, a discount, or a premium?

$2-$a$.$ If the market rate is $8\%,$ 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?

$3-$a$.$ If the market rate is $9\%,$ 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 questlon by entering your answers in the tabs below.

Req $1$ a

Req $2b$

Req $3$a

Req $3$b

If the market rate is $7\%,$ 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 $(1.$e$.,$ $$5\mathrm{.}5$ million should be entered as $5,500,000.$ Round your final answers to the nearest whole dollar.$)$

$\backslash$table$[[$Bond Characteristics,Amount$],[$Face amount,$$,39,800,000$