Required information [The following information applies to the questions displayed below.) 3 On January 1, 2021, Wild Rapids Water Park issues $40.2 million of 7% bonds to finance expansion. The bonds are due in 10 years, with interest payable semiannually on June 30 and December 31 each year. ad k 2-a. If the market rate is 7%, 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.) ht Amount $ 40,200,000 int Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price rences nt rences 2-b. The bonds will issue at O A Discount A Premium O Face amount C Taw TI Preu