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Required information The following information applies to the questions displayed below.) Part of 3 On January 1, 2021. Water World issues $25.6 million of 6%

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Required information The following information applies to the questions displayed below.) Part of 3 On January 1, 2021. Water World issues $25.6 million of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Water World intends to use the funds to build the world's largest water avalanche and the tornado- a giant outdoor vortex in which riders spin in progressively smaller and foster circles until they drop through a small tunnel at the bottom 3-a. If the market rate is 7%, calculate the issue price. V of $1. PV of $1. EVA of $1. and PVA of $1) (Use appropriate factors) from the tables provided. Do not round interest rate factors. Round Market interest rate" to 1 decimal place. Enter your answers in dollars not in millions. Round your final answers to the nearest whole dollar.) Amount 25.600 000 $ Bond Characteristics Face amount Interest payment Periods to maturity Marketing strate

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