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Required information [The following information applies to the questions d On January 1, 2021, Frontier World issues $40.7 millia on June 30 and December
Required information [The following information applies to the questions d On January 1, 2021, Frontier World issues $40.7 millia on June 30 and December 31 each year. The proceed water ride, a dark tunnel, and the great smell of outdo 3-a. If the market rate is 10%, calculate the issue price. (FV a the tables provided. Do not round interest rate factors. En to 1 decimal place. Round your final answers to the neares Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price Amount S 40,700,000 $ 1,831,500 40 5.0% 3-b. The bonds will issue at OA Discount OA Premium O Face amount o search 3
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