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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 displayod below.] On Jenuary 1, 2024,

image text in transcribed Required information Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9-7) The following information applies to the questions displayod below.] On Jenuary 1, 2024, Tropical World issues $39.8 million of a\% bonds, due in 15 years, with interest payable semiennually on June 30 and December 31 each year. The proceeds will be used to build a new ride thet combines a roller coaster, a water ricle, a clark tunnel, and the great smel of outdoor barbeque, all in one ride. Exercise 9-21 (Algo) Part 3 3-a. If the market rate is 9%, calculate the issue price. (EV of \$1 PV of $1, EVA of $1 and PVA of $1) 3-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 9%, 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 dallars not in millions [i.6., $5.5 million should be entered as 5,500,000). Round your final answers to the nearest whole dollar.) ( Required information Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9-7) IThe followng information applles to the questions oisplayeo below] On January 1, 2024, Tropical World issues $39.8 million of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and Decomber 31 each year. The proceeds will be used to build a new ride that combines a raller conster, a water ride, a dark tunnel, and the great smell of outdaor barbeque, all in one ride. Exercise 9-21 (Algo) Part 3 3-a. If the market rate is 9%, calculate the issue price. (FV of \$1. PV of \$1, EVA of \$1, and PVA of \$2) 3-b. Will the bonds issue at face amount, a cliscount, of a premium? Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, or a premium

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