On January 1, 2021, Water World issues $ 251 million of 7 % bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year Water World intends to use the funds to build the world's largest water avalanche and the tornado "a giant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel at the bottom.

If the market rate is 6%, 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. Round "Market interest rate" to 1 decimal place. Enter your answers in dollars not in millions. Round your final answers to the nearest whole dollar.)

what is the issue price ??

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Required information (The following information applies to the questions displayed below.) On January 1, 2021, Water World issues $25.1 million of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Water World intends to use the funds to build the world's largest water avalanche and the tornado- a giant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel at the bottom. Required: 1-a. If the market rate is 6%, calculate the issue price. (FV of 51. PV of $1. FVA of $1, and PVA of $1 (Use appropriate factor(s) from the tables provided. Do not round Interest rate factors. Round Market interest rate" to 1 decimal place. Enter your answers in dollars not in millions. Round your final answers to the nearest whole dollar.) Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price Amount $ 25,100,000 $ 878,500 20 789019 Next > Prev qu i e pieVIUUS attempt Required information [The following information applies to the questions displayed below. On January 1, 2021, Water World issues $25.1 million of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Water World intends to use the funds to build the world's largest water avalanche and the "tornado- a giant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel at the bottom. 2-a. If the market rate is 7%, calculate the issue price. (EV 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. Round Market interest rate" to 1 decimal place. Enter your answers in dollars not in millions. Round your final answers to the nearest whole dollar) $ S Amount 25,100,000 878,500 Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price | 3.5% 2-b. The bonds will issue at ANA Required information [The following information applies to the questions displayed below.) On January 1, 2021, Water World issues $25.1 million of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Water World intends to use the funds to build the world's largest water avalanche and the "tornado- a giant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel at the bottom. 3-a. If the market rate is 8%, calculate the issue price. (FV of $1. PV of $1. EVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round "Market interest rate" to 1 decimal place. Enter your answers in dollars not in millions. Round your final answers to the nearest whole dollar.) Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price A mount $ 25.100.000 $ 878,500 20 4.0% 3-b. The bonds will issue at NG!! Next