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Please answer in the format provided. I have filled out the first 3 but I'm not sure if they are correct. [The following information applies
Please answer in the format provided. I have filled out the first 3 but I'm not sure if they are correct.
[The following information applies to the questions displayed below.] On January 1, 2024, Adventure World issues $39.0 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. Exercise 9-21 (Algo) Part 1 Required: -a. If the market rate is 6%, calculate the issue price. ( FV of $1,PV of $1, and -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 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. 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 nearest whole dollar.) Will the bonds issue at face amount, a discount, or a premiumStep by Step Solution
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