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Saved Help Save & Exit Submit Check my work 3 ! rt 1 of 3 Required information [The following information applies to the questions displayed
Saved Help Save & Exit Submit Check my work 3 ! rt 1 of 3 Required information [The following information applies to the questions displayed below.) nts 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. Skipped eBook 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.) Hint Print Bond Characteristics Amount $ 40.200.000 References Face amount Interest payment Periods to maturity Market interest rate Issue price Mc Graw HII 1-b. The bonds will issue at aces O A Discount A Premium O Face amount aw
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