Required information Required information

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On January $1,2024,$ Water World issues $$24\mathrm{.}7$ 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.

$3-$a$.$ If the market rate is $8\%,$ calculate the issue price. $($FV of $$1,$ PV of $$1,$ FVA 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.

Req $3$a

Req $3$b

Will the bonds issue at face amount, a discount, or a premium?

Will the bonds issue at face amount, a discount, or a premium? Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Water World issues $$24\mathrm{.}7$ 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.

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)($Not

Excel, or a financial calculator. Enter your answers in dollars not in millions $($i$.$e$.,$ $$5\mathrm{.}5$ million should be ent $lon$

$5,500,000).$ Round your final answers to the nearest whole dollar.$)$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Water World issues $$24\mathrm{.}7$ 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.

$3-$a$.$ If the market rate is $8\%,$ calculate the issue price. $($FV of $$1,$ PV of $$1,$ FVA 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.

Req $3$a

Req $3$b

Will the bonds issue at face amount, a discount, or a premium?

Will the bonds issue at face amount, a discount, or a premium?