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Required information Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9-7) [The following information opplies to the questions disployed 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 opplies to the questions disployed below] On January 1, 2024, Oceon World issues $39.1 million of 9% bonds, due in 20 years, with interest poyable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller cooster, a woter ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. Exercise 9-21 (Algo) Part 1 Required: 1-0. If the morket rate is 8%, colculate the issue price. (FV of $1, PV of $1. EVA of $1, and PVA of S1) 1-b. Will the bonds issue at face amount, o discount, or a premium? Complete this question by entering your answers in the tabs below. If the market rate is 8%, 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, $5.5 million should be entered as 5,500,000). Round your final answers to the novirest whole doflar)

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