Required information [The following information applies to the questions displayed below.) On January 1, 2021, Frontier World issues $39.3 million of 7% bonds, due in 10 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 6%, 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.) Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate $ $ Amount 39,300,000 1,375,500 Issue price TABLE 2 Present Value of $1 $1 PV (1 + i)n n/i 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 1 0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95694 0.95238 0.94787 0.94340 0.93458 0.92593 2 0.98030 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 0.91573 0.90703 0.89845 0.89000 0.87344 0.85734 3 0.97059 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.87630 0.86384 0.85161 0.83962 0.81630 0.79383 4 0.96098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.83856 0.82270 0.80722 0.79209 0.76290 0.73503 5 0.95147 0.92826 0.90573 0.88385 0.86261 0.84197 0.82193 0.80245 0.78353 0.76513 0.74726 0.71299 0.68058 9.0% 0.0% 0.91743 0.90909 0.84168 0.82645 0.77218 0.75131 0.70843 0.68301 0.64993 0.62092 11.0% 0.90090 0.81162 0.73119 0.65873 0.59345 12.0% 0.89286 0.79719 0.71178 0.63552 0.56743 13.0% 0.88496 0.78315 0.69305 0.61332 0.54276 6 7 8 9 10 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 0.93272 0.90103 0.87056 0.84127 0.81309 0.785990.75992 0.73483 0.71068 0.92348 0.88771 0.85349 0.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.91434 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 0.67290 0.64461 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 0.72525 0.70496 0.66634 0.68744 0.66506 0.62275 0.65160 0.62741 0.58201 0.61763 0.59190 0.54393 0.58543 0.55839 0.50835 0.630170.59627 0.56447 0.58349 0.54703 0.51316 0.54027 0.50187 0.46651 0.50025 0.46043 0.42410 0.46319 0.42241 0.38554 0.53464 0.48166 0.43393 0.39092 0.35218 0.50663 0.45235 0.40388 0.36061 0.32197 0.48032 0.42506 0.37616 0.33288 0.29459 11 0.89632 0.84893 0.80426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 12 0.88745 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 0.58966 0.55684 13 0.87866 0.82403 0.77303 0.72542 0.68095 0.639400.60057 0.56427 0.53032 14 0.86996 0.81185 0.75788 0.70773 0.66112 0.61778 0.57748 0.53997 0.50507 15 0.86135 0.79985 0.74301 0.69047 0.64186 0.59689 0.55526 0.51672 0.48102 0.55491 0.52679 0.47509 0.52598 0.49697 0.44401 0.49856 0.46884 0.41496 0.47257 0.44230 0.38782 0.44793 0.41727 0.36245 0.42888 0.39711 0.36770 0.34046 0.31524 0.38753 0.35553 0.32618 0.29925 0.27454 0.35049 0.31863 0.28966 0.26333 0.23939 0.31728 0.28584 0.25751 0.23199 0.20900 0.28748 0.25668 0.22917 0.20462 0.18270 0.26070 0.23071 0.20416 0.18068 0.15989 16 0.85282 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.49447 17 0.84438 0.77639 0.71416 0.65720 0.60502 0.55720 0.51337 0.47318 18 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 19 0.82774 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 20 0.81954 0.74247 0.67297 0.61027 0.55368 0.50257 0.45639 0.41464 0.45811 0.43630 0.41552 0.39573 0.37689 0.42458 0.39365 0.33873 0.40245 0.37136 0.31657 0.38147 0.35034 0.29586 0.36158 0.33051 0.27651 0.34273 0.31180 0.25842 0.29189 0.27027 0.25025 0.23171 0.21455 0.25187 0.23107 0.21199 0.19449 0.17843 0.21763 0.19784 0.17986 0.16351 0.14864 0.18829 0.16963 0.15282 0.13768 0.12403 0.16312 0.14564 0.13004 0.11611 0.10367 0.14150 0.12522 0.11081 0.09806 0.08678 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 22 0.80340 0.72069 0.64684 0.58086 0.52189 0.46915 0.42196 0.37970 0.34185 23 0.79544 0.71004 0.63416 0.56670 0.50669 0.45329 0.40573 0.36335 0.32557 24 0.78757 0.69954 0.62172 0.55288 0.49193 0.43796 0.39012 0.34770 0.31007 25 0.77977 0.68921 0.60953 0.53939 0.47761 0.42315 0.37512 0.33273 0.29530 0.32486 0.29416 0.24151 0.19866 0.30793 0.27751 0.22571 0.18394 0.29187 0.26180 0.21095 0.17032 0.27666 0.24698 0.19715 0.15770 0.26223 0.23300 0.18425 0.14602 0.16370 0.15018 0.13778 0.12640 0.11597 0.13513 0.11174 0.12285 0.10067 0.11168 0.09069 0.10153 0.08170 0.09230 0.07361 0.09256 0.08264 0.07379 0.06588 0.05882 0.07680 0.06796 0.06014 0.05323 0.04710 30 0.74192 0.63976 0.55207 0.47674 0.41199 0.35628 0.30832 0.26700 0.23138 35 0.70591 0.59387 0.50003 0.42137 0.35538 0.29998 0.25342 0.21425 0.18129 40 0.67165 0.55126 0.45289 0.37243 0.30656 0.25257 0.208290.17193 0.14205 45 0.63905 0.51171 0.41020 0.32917 0.26444 0.21266 0.17120 0.13796 0.11130 50 0.60804 0.47500 0.37153 0.29094 0.22811 0.17905 0.14071 0.11071 0.08720 0.20064 0.17411 0.13137 0.09938 0.15352 0.13011 0.09366 0.06763 0.11746 0.09722 0.06678 0.04603 0.08988 0.07265 0.04761 0.03133 0.06877 0.05429 0.03395 0.02132 0.07537 0.04899 0.03184 0.02069 0.01345 0.05731 0.04368 0.03558 0.02592 0.02209 0.01538 0.01372 0.00913 0.00852 0.00542 0.03338 0.01894 0.01075 0.00610 0.00346 0.02557 0.01388 0.00753 0.00409 0.00222 TABLE 1 Future Value of $1 FV = $1 (1 + i)" n/i 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 1 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000 1.05500 2 1.02010 1.03022 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250 1.11303 3 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 1.15763 1.17424 4 1.04060 1.06136 1.08243 1.10381 1.12551 1.14752 1.16986 1.19252 1.21551 1.23882 5 1.05101 1.07728 1.10408 1.13141 1.15927 1.18769 1.21665 1.24618 1.27628 1.30696 6.0% 1.06000 1.12360 1.19102 1.26248 1.33823 7.0% 1.07000 1.14490 1.22504 1.31080 1.40255 8.0% 1.08000 1.16640 1.25971 1.36049 1.46933 0.0% 1.09000 1.18810 1.29503 1.41158 1.53862 0.0% 1.10000 1.21000 1.33100 1.46410 1.61051 11.0% 12.0% 1.11000 1.12000 1.23210 1.25440 1.36763 1.40493 1.51807 1.57352 1.68506 1.76234 13.0% 1.13000 1.27690 1.44290 1.63047 1.84244 6 7 8 9 10 1.06152 1.09344 1.12616 1.15969 1.19405 1.22926 1.26532 1.30226 1.34010 1.37884 1.41852 1.07214 1.10984 1.14869 1.18969 1.22987 1.27228 1.31593 1.36096 1.40710 1.45468 1.50363 1.08286 1.12649 1.17166 1.21840 1.26677 1.31681 1.36857 1.42210 1.47746 1.53469 1.59385 1.09369 1.14339 1.19509 1.24886 1.30477 1.36290 1.42331 1.48610 1.55133 1. 61909 1.68948 1.10462 1.16054 1.21899 1.28008 1.34392 1.41060 1.48024 1.55297 1.62889 1.70814 1.79085 1.50073 1.60578 1.71819 1.83846 1.96715 1.58687 1.71382 1.85093 1.99900 2.15892 1.67710 1.82804 1.99256 2.17189 2.36736 1.77156 1.87041 1.94872 2.07616 2.143592.30454 2.35795 2.55804 2.59374 2.83942 1.97382 2.21068 2.47596 2.77308 3.10585 2.08195 2.35261 2.65844 3.00404 3.39457 3.83586 11 1.11567 1.17795 1.24337 1.31209 1.38423 1.45997 1.53945 1.62285 1.71034 1.80209 1.89830 12 1.12683 1.19562 1.26824 1.34489 1.42576 1.51107 1.60103 1.69588 1.79586 1.90121 2.01220 13 1.13809 1.21355 1.29361 1.37851 1.46853 1.56396 1.66507 1.77220 1.88565 2.00577 2.13293 14 1.14947 1.23176 1.31948 1.41297 1.51259 1.61869 1.73168 1.85194 1.97993 2.11609 2.26090 15 1.16097 1.25023 1.34587 1.44830 1.55797 1.67535 1.80094 1.93528 2.07893 2.23248 2.39656 2.10485 2.25219 2.40985 2.57853 2.75903 2.33164 2.51817 2.71962 2.93719 3.17217 2.58043 2.81266 3.06580 3.34173 3.64248 2.85312 3.15176 3.13843 3.49845 3.45227 3.88328 3.79750 4.31044 4.177254.78459 3.47855 3.89598 4.36349 4.88711 5.47357 4.89801 5.53475 6.25427 16 17 18 19 20 1.17258 1.26899 1.37279 1.48451 1.60471 1.73399 1.87298 2.02237 2.18287 2.35526 1.18430 1.28802 1.40024 1.52162 1.65285 1.79468 1.94790 2.11338 2.29202 2.48480 1.19615 1.30734 1.42825 1.55966 1.70243 1.85749 2.02582 2.20848 2.40662 2.62147 1.20811 1.32695 1.45681 1.59865 1.75351 1.92250 2.10685 2.30786 2.52695 2.76565 1.22019 1.34686 1.48595 1.63862 1.80611 1.98979 2.19112 2.41171 2.65330 2.91776 2.54035 2.69277 2.85434 3.02560 3.20714 2.95216 3.42594 3.15882 3.70002 3.379933.99602 3.61653 4.31570 3.86968 4.66096 3.97031 4.32763 4.71712 5.14166 5.60441 4.59497 5.05447 5.55992 6.11591 6.72750 5.310896.13039 5.895096.86604 6.54355 7.68997 7.26334 8.61276 8.06231 9.64629 7.98608 9,02427 10.19742 11.52309 21 1.23239 1.36706 1.51567 1.67958 1.86029 2.05943 2.27877 2.52024 2.78596 3.07823 3.39956 22 1.24472 1.38756 1.54598 1.72157 1.91610 2.13151 2.36992 2.63365 2.92526 3.24754 3.60354 23 1.25716 1.40838 1.57690 1.76461 1.97359 2.20611 2.46472 2.75217 3.07152 3.42615 3.81975 24 1.26973 1.42950 1.60844 1.80873 2.03279 2.28333 2.56330 2.87601 3.22510 3.61459 4.04893 25 1.28243 1.45095 1.64061 1.85394 2.09378 2.36324 2.66584 3.00543 3.38635 3.813394.29187 4.14056 4.43040 4.74053 5.07237 5.42743 5.03383 5.43654 5.87146 6.34118 6.84848 6.108817.40025 8.94917 10.80385 13.02109 6.65860 8.14027 9.93357 12.10031 14.71383 7.25787 8.95430 11.02627 13.55235 16.62663 7.91108 9.84973 12.23916 15.17863 18.78809 8.62308 10.83471 13.58546 17.00006 21.23054 30 1.34785 1.56308 1.81136 2.09757 2.42726 2.80679 3.24340 3.74532 4.32194 4.98395 5.74349 7.61226 10.06266 13.26768 17.44940 22.89230 29.95992 39.11590 35 1.41660 1.68388 1.99989 2.37321 2.81386 3.33359 3.94609 4.66735 5.51602 6.51383 7.68609 10.67658 14.78534 20.41397 28.10244 38.57485 52.79962 72.06851 40 1.48886 1.81402 2.20804 2.68506 3.26204 3.95926 4.80102 5.81636 7.03999 8.51331 10.28572 14.97446 21.72452 31.40942 45.25926 65.00087 93.05097 132.78155 45 1.56481 1.95421 2.43785 3.03790 3.78160 4.70236 5.84118 7.24825 8.98501 11.12655 13.76461 21.00245 31.92045 48.32729 72.89048 109.53024 163.98760 244.64140 50 1.64463 2.10524 2.69159 3.43711 4.38391 5.58493 7.10668 9.03264 11.46740 14.54196 18.42015 29.45703 46.90161 74.35752 117.39085 184.56483 289.00219 450.73593