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On January 1, 2024, Ocean World issues $39.4 million of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December

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On January 1, 2024, Ocean World issues $39.4 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. Exercise 9-21 (Algo) Part 3 3-3. If the market rate is 10%, calculate the issue price. (FV of \$1, PV of \$1, EVA of \$1, and PVA of \$1) 3.b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. If the market rate i5 10\%, 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. Enter your answers in dollars not in millions (i.e., $5.5million should be entered as 5,500,000 ). Round your final answers to the nearest whole dollar.)

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