On January $1,2024,$ a company issues $$39\mathrm{.}8$ million of $8\%$ bonds, due in $15$ years, with interest payable semiannually on June $30$ an 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 $$1,$ and PVA of $$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 question by entering your answers In the tabs below.

$\backslash$table$[[$Req $1a,$Req$1b,$Req$2a,$Req$2b,$Req$3a,$Req $3$b$]]$

Will the bonds issue at face amount, a discount, or a premium?

Will the bonds issue at face amount, a discount, or a premium?

$Re{q}^{1a}$

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$30$ of $30$

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