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On January 1,2024 , Adventure World issues $39.6 million of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December

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On January 1,2024 , Adventure World issues $39.6 million of 7% bonds, due in 10 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. 2-a. If the market rate is 7%, calculate the issue price. (FV of \$1, PV of \$1, FVA of \$1, and PVA or \$1) 2-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 is 7%, 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., $5.5 million should be entered as 5,500,000). Round your final answers to the nearist whole dollar.)

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