Required information The following information applies to the questions displayed below] On January 1, 2021, Frontier World issues $40.4 million of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. Required: 1-a. If the market rate is 8%, calculate the issue price (EV of $1. PV of $1. EVA of S1, and PVA OS1) (Use appropriate factor(s) from the tables provided. Do not found 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) Bond Characteristics Face amount Amount 40,400,000 Interest payment Periods to maturity Market Interest rate Issue price b. The bonds will issue at A Discount A Premium Face amount me rowowing information applies to the questions displayed below On January 1, 2021, Frontier World issues $40.4 million of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. 2-a. If the market rate is 9%, calculate the issue price. EV of $1. PV of $1. EVA 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 40,400,000 $ Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price 2-b. The bonds will issue at A Discount A Premium Face amount Required information The following information applies to the questions displayed below On January 1, 2021, Frontier World issues $40.4 million of 9% bonds, due in 20 years with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. 3-a. If the market rate is 10%, calculate the issue price. (FV of $1. PV of $1. EVA of $1. and PVA of S1) (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 40,400,000 5 Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price 3-b. The bonds will issue at A Discount O A Premium Face amount
