On January 1, 2021, Water Wonderland issues $10 million of 7% bonds, due in six years, with interest payable semiannually on June 30 and December 31 each year. Use Table 2 and Table 4. 1. If the market rate is 6%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price. (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount. Enter your answer in dollars, not in millions.) The bonds issue at and the issue price is 2. If the market rate is 7%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price. (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount. Enter your answer in dollars, not in millions.) The bonds issue at and the issue price is 3. If the market rate is 8%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price. (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount. Enter your answer in dollars, not in millions.) The bonds issue at and the issue price is TABLE 2 Present value of ST PV => $1 (1+i) n/i 1.0% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 9.0% 8.0% 6.0% 1.5% 0.92593 0.91743 0.90909 0.89286 0.90090 0.94787 0.94340 0.93458 0.95694 0.95238 1 0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.85734 0.82645 0.84168 0.89845 0.89000 0.87344 0.79719 0.81162 2 0.98030 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 0.91573 0.90703 0.77218 0.79383 0.85161 0.71178 0.75131 0.83962 0.81630 0.69305 0.73119 0.86384 3 0.97059 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.87630 0.70843 0.65873 0.68301 0.73503 0.63552 0.61332 0.80722 0.79209 0.76290 0.82270 0.83856 4 0.96098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.64993 0.62092 0.76513 0.74726 0.71299 0.68058 0.56743 0.59345 5 0.95147 0.92826 0.90573 0.88385 0.86261 0.84197 0.82193 0.80245 0.78353 0.59627 0.63017 0.53464 0.56447 0.58349 0.48166 0.54703 0.51316 0.46651 0.50187 0.54027 0.43393 0.39092 0.42410 0.46043 0.50025 0.46319 0.38554 0.42241 5.5% 7.0% 10.0% 12.0% 11.0% 13.0% 0.88496 0.78315 0.54276 0.50663 0.48032 0.45235 0.42506 0.40388 0.37616 0.36061 0.33288 0.32197 0.35218 0.29459 0.26070 0.23071 0.20416 0.18068 6 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 7 0.93272 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.73483 0.71068 8 0.92348 0.88771 0.85349 0.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.64461 9 0.91434 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 0.67290 10 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 11 0.89632 0.84893 0.80426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 0.55684 12 0.88745 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 0.58966 13 0.87866 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 0.56427 0.53032 14 0.86996 0.81185 0.75788 0.70773 0.66112 0.61778 0.57748 0.53997 0.50507 15 0.86135 0.79985 0.74301 0.69047 0.64186 0.59689 0.55526 0.72525 0.70496 0.66634 0.68744 0.66506 0.62275 0.58201 0.65160 0.62741 0.61763 0.59190 0.54393 0.50835 0.58543 0.55839 0.42888 0.38753 0.55491 0.52679 0.47509 0.28748 0.35049 0.31728 0.35553 0.31863 0.28584 0.39711 0.25668 0.52598 0.49697 0.4401 0.28966 0.22917 0.25751 0.49856 0.46884 0.41496 0.36770 0.32618 0.29925 0.23199 0.26333 0.20462 0.47257 0.44230 0.38782 0.34046 0.23939 0.27454 0.20900 0.18270 0.15989 0.44793 0.41727 0.36245 0.31524 0.51672 0.48102 0.25187 0.14150 0.16312 0.29189 0.21763 0.18829 0.42458 0.39365 0.33873 0.49447 0.45811 16 0.85282 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.27027 0.23107 0.19784 0.16963 0.14564 0.12522 17 0.84438 0.77639 0.71416 0.65720 0.60502 0.55720 0.51337 0.47318 0.43630 0.40245 0.37136 0.31657 0.21199 0.17986 0.15282 0.13004 0.11081 18 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 0.41552 0.38147 0.35034 0.29586 0.25025 0.19449 0.16351 0.13768 0.11611 0.09806 19 0.82774 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 0.23171 0.17843 0.14864 0.12403 0.10367 0.08678 20 0.81954 0.74247 0.67297 0.61027 0.55368 0.50257 0.45639 0.41464 0.37689 0.34273 0.31180 0.25842 0.21455 0.19866 0.16370 0.13513 0.11174 0.09256 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 0.32486 0.29416 0.24151 0.08264 0.15018 0.12285 0.10067 0.18394 22 0.80340 0.72069 0.64684 0.58086 0.52189 0.46915 0.42196 0.37970 0.34185 0.30793 0.27751 0.22571 23 0.79544 0.71004 0.63416 0.56670 0.50669 0.45329 0.40573 0.36335 0.32557 0.29187 0.26180 0.21095 0.17032 0.13778 0.11168 0.09069 0.07379 0.12640 0.10153 0.08170 0.06588 24 0.78757 0.69954 0.62172 0.55288 0.49193 0.43796 0.39012 0.34770 0.31007 0.27666 0.24698 0.19715 0.15770 0.11597 0.09230 0.07361 0.05882 0.04710 25 0.77977 0.68921 0.60953 0.53939 0.47761 0.42315 0.37512 0.33273 0.29530 0.26223 0.23300 0.18425 0.14602 0.07680 0.06796 0.06014 0.05323 0.01388 0.07537 0.05731 0.04368 0.03338 0.02557 30 0.74192 0.63976 0.55207 0.47674 0.41199 0.35628 0.30832 0.26700 0.23138 0.20064 0.17411 0.13137 0.09938 35 0.70591 0.59387 0.50003 0.42137 0.35538 0.29998 0.25342 0.21425 0.18129 0.15352 0.13011 0.09366 0.06763 0.04899 0.03558 0.02592 0.01894 40 0.67165 0.55126 0.45289 0.37243 0.30656 0.25257 0.20829 0.17193 0.14205 0.11746 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00753 0.00409 0.03133 0.02069 0.01372 0.00913 0.00610 45 0.63905 0.51171 0.41020 0.32917 0.26444 0.21266 0.17120 0.13796 0.11130 0.08988 0.07265 0.04761 0.00346 0.00222 50 0.60804 0.47500 0.37153 0.29094 0.22811 0.17905 0.14071 0.11071 0.08720 0.06877 0.05429 0.03395 0.02132 0.01345 0.00852 0.00542