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! Required information (The following information applies to the questions displayed below.) On January 1, 2021, Wild Rapids Water Park issues $39.1 million of 9%
! Required information (The following information applies to the questions displayed below.) On January 1, 2021, Wild Rapids Water Park issues $39.1 million of 9% bonds to finance expansion. The bonds are due in 20 years, with interest payable semiannually on June 30 and December 31 each year. 2-a. If the market rate is 9%, 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. Do not round interest rate factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Amount $ 39,100,000 $ 1,759,500 Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price 40 4.0% S 2-b. The bonds will issue at OA Discount O A Premium O Face amount
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