On January 1, 2018, Frontier World issues $41 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. It he market rate s 10%, calculate he issue price from the tables provided. Do not r und inte est rs. Enter your answers in dollars not n millions. and Use appropriate factor s te Face amount Interest payment Market interest rate Periods to maturity lssue price S 41,000,000 845,000 5% 40 3-b. The bonds will issue at A Premium A Discount Face amount Hints References Book & Resources e Hint#1