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Required information [ The following information applies to the questions displayed below. ] On January 1 , 2 0 2 4 , Water World issues
Required information
The following information applies to the questions displayed below.
On January Water World issues $ million of bonds, due in years, with interest payable semiannually on
June and December 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.
Required:
a If the market rate is calculate the issue price. FV of $ PV of $ FVA of $ and PVA of $
b Will the bonds issue at face amount, a discount, or a premium?
Complete this question by entering your answers in the tabs below.
If the market rate is calculate the issue price. FV of $ PV of $ FVA of $ and PVA of $Note: Use tables,
Excel, or a financial calculator. Enter your answers in dollars not in millions ie $ million should be entered as
Round your final answers to the nearest whole dollar.
answer the table for and please!!!
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