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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,
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 $39.2 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 9.21 (Algo) Part 3 3-0. 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. Wil 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, (IV of \$1, pV of \$1, I VA of \$1, and pVA of \$1) (Use approprlate) 5,500,000) Pound your finat answers fo the neorest whole dollar) 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 dollars not in millions (1.e, $5.5million should be entered as 5,500,000). Round your final answers to the nearest whole dollar.) 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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