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Required information [The following information applies to the questions displayed below.) On January 1, 2021. Frontier World issues $40.1 million of 9% bonds, due in

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Required information [The following information applies to the questions displayed below.) On January 1, 2021. Frontier World issues $40.1 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 (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 $ 40,100,000 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

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