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 milition 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 funnet at the bottom. Exercise 9-22 (Static) Part 1 Required: 1-o. If the market rate is 6%, calculate the issue price. (EV of S1. PV of S1. EVA of S1, and PVA of SI) 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. It the market rate is 6%, calculate the issue price. (FV of \$1, PV of \$1, FVA of \$1, and PVA of \$1) (Use appiroptiate 5,500,000), Round your final answeni fo the nearest whole doliar.) 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 milition of 7% bonds, due in 10 years, with interest payable semiannualiy 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 S1, EV of S1. EVA of S1. and PVA of S1) 1-b. Wil the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, of a premium