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. Tropical World issues $39.5 million of 8% bonds, due in 15 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 1 Required: 1-o. If the market rate is 7%, calculate the issue price. (EV of $1. PV of $1. EVA of $1, and PVA of $1 ) 1.b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. 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. Tropical World issues $39.5 million of 8% bonds, due in 15 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 1 Required: 1-o. If the market rate is 7%, calculate the issue price. (EV of $1. PV of $1. EVA of $1, and PVA of $1 ) 1.b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below