On January 1, 2024, Ocean World issues $40.0 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. Exercise 9-21 (Algo) 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) 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. Req 3a Req 3b If the market rate is 9%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA factor(s) from the tables provided. Enter your answers in dollars not in millions (i.e., $5.5 mi 5,500,000). Round your final answers to the nearest whole dollar.) Bond Characteristics Face amount Interest payment Number of periods Market interest rate Issue price Amount $ 40,000,000