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

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Required information Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9-7) [The following information applies to the questions displayed below] On January 1, 2024, Adventure World issues $39.3 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 921 (Algo) Part 2 2-a. If the market rate is 7%, calculate the issue price. (FV of $1, PV of $1, EVA of $1, and PVA of \$1) 2-b. Will the bonds issue at face amount, a discount, or a premium

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