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! Required information Exercise 9-18A Calculate the issue price of bonds (L09-7) [The following information applies to the questions displayed below.] On January 1, 2021, Frontier World issues $41 million of 4.5% bonds, due in 40 years, with interest payable annually on 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 9-18A Part 3 3-a. If the market rate is 5%. 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. Enter your answers in dollars not in millions.) Amount 41,000,000 S Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price 3-b. The bonds will issue at O Face amount O A Discount O A Premium