On January 1, 2018, Frontier World issues $40.3 million of 8% bonds, due in 15 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 7%. Calculate the issue price. (E OSI, P 1. E or 1, and PVA 1) (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.) Bond CharacteristicsAmount Face amount Interest payment Market interest rate Periods to maturity Issue price S 40,300,000 S 1,612,000 3.5% 30 1-b. The bonds will issue at A Premium A Discount Face amount Exercise 9-5 Part 2 2-a. If he market rate is 8%, calculate the issue price F of $1 of $1, of $1, and A of Si se appropriate factor s from the tables ro factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place.) de D n und int est ate Bond Characteristics Amount Face amount Interest payment Market interest rate Periods to maturity Issue price S 40,300,000 1,612,000 4.0% 30 2-b. The bonds will issue at Face amount O A Premium A Discount Exercise 9-5 Part 3 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) (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.) Bond Characteristics Amount Face amount Interest payment Market interest rate Periods to maturity Issue price 40,300,000 S 1,612,000 45% 30 3-b. The bonds will issue at A Premium A Discount Face amount