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Reculred informotion Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9.7) The following information applies to the questions disployed below] On January 1, 2024,

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Reculred informotion Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9.7) The following information applies to the questions disployed below] On January 1, 2024, Tropical World issues 540.5 million of 7% bonds, doe in 10 years, with interest payable semiannuafly on June 30 and December 3 t each year. The proceeds wh be used to build a new nde that combines a rotler coaster, a water nde, a dark tunnel, and the great smeil of outdoor barbeque, all in one ride. Exercise 9.21 (Algo) Part 3 3-0. If the macket rate is 8\%, colculate the issue price. (EV of S1. PV of S1. EVA:of S1, and RVA of S.) 3-b. Wil the bonds isise at face amount, a discoum, of a ptemium? Complete this question by entering your onswerv in the tabs below. 5,500,000 ). Hound your final antwers to the nemant whole dollar)

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