Required information The following information applies to the questions displayed below) On January 1, 2021. Wild Rapids Water Park issues $39.0 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 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) Amount 39,000,000 $ Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate issue price 1-b. The bonds will issue of O A Discount O A Premium Face amount Required information (The following information applies to the questions displayed below) On January 1 2021. Wild Rapids Water Park issues $39.0 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 2-a. If the market rate is 7%, calculate the issue price (EV of $1. PV of $1. FVA of $1 and PVA Q$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 $ 39,000,000 Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price 2-b. The bonds will issue of O A Discount O A Premium Face amount Required information The following information applies to the questions displayed below) On January 1, 2021, Wild Rapids Water Park issues $39.0 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. 3-e. If the market rate is 8%, calculate the issue price (TV of $1. PV of $1. FVA 01.51 and PVA 15.1 (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 39,000,000 Interest payment Periods to maturity Amount 5 Market interest rate 3-b. The bonds will issue o O A Discount O A Premium Foce amount
