! Required information Exercise 9-22 (Static) Calculate the issue price of bonds (LO9-7) [The following information applies to the questions displayed below.] On January 1, 2024, Water World issues $26 million of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Water World intends to use the funds to build the world's largest water avalanche and the "tornado- a giant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel at the bottom. Exercise 9-22 (Static) Part 1 Required: 1-a. If the market rate is 6%, calculate the issue price. (FV of $1. PV of $1. FVA 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. Req la Reg 1b If the market rate is 6%, 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 (i.e., $5.5 million should be entered as 5,500,000). Round your final answers to the nearest whole dollar.) Amount 26,000,000 S Bond Characteristics Face amount Interest payment Number of periods Market interest rate Issue price Ren la Reg 1b> Exercise 9-22 (Static) Part 1 Required: 1-a. If the market rate is 6%, calculate the issue price. (FV of $1, PV of $1, FVA 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. Reg 1a Reg 1b Will the bonds issue at face amount, a discount, or a premium? Will the bonds issue at face amount, a discount, or a premium? Reg 2a Reg 2b Will the bonds issue at face amount, a discount, or a premium? Will the bonds issue at face amount a discount, or a premium? Req 3a Reg 3b Will the bonds issue at face amount, a discount, or a premium? Will the bonds issue at face amount, a discount, or a premium?