Required information [The following information applies to the que On January 1, 2021, Frontier World issues $4 on June 30 and December 31 each year. The water ride, a dark tunnel, and the great smel 2-a. If the market rate is 9%, calculate the issue pric tables provided. Do not round interest rate factor decimal place. Round your final answers to the ne Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price 2-b. The bonds will issue at to search OA Discount OA Premium Face amount Amount 40,700,000 S 1,831,500 40 4.5% e following information applies to the questions displayed below.] January 1, 2021, Frontier World issues $40.7 million of 9% bonds, due in 20 years, with interest pa June 30 and December 31 each year. The proceeds will be used to build a new ride that combine ter ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. e market rate is 9%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use app rovided. Do not round interest rate factors. Enter your answers in dollars not in millions. Round place. Round your final answers to the nearest whole dollar.) nd Characteristics ount payment to maturity nterest rate S Amount 40,700,000 $ 1,831,500 40 4.5% ce ebonds will issue at