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On January 1 , 2 0 2 4 , a company issues $ 3 9 . 8 million of 8 % bonds, due in 1

On January 1,2024, a company issues $ 39.8 million of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: If the market rate 7%, calculate the issue price(EV of $1 PV of $1EVA of $1and PVA of $11-b. Will the bonds Issue at face amount, a discount, or a premium? 2-a. If the market rate is %calculate the issue price. (of $1PV of $1 FVA of $1and PVA of $1)2-b. the bonds issue at face amount, a discount, or premium? 3-a. If the market rate is 9%, calculate the issue price. ( EV of $1, PV of $1FVA of $1 and PVA of $1)3-b. Will the bonds issue at face amount, a discount, or a premium?

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