steps and answer for this one. how do one know if this is a premium

[The following information applies to the questions displayed below) On January 1, 2021, Wild Rapids Water Park issues $40.5 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, 23:55 2-a. If the market rate is 7%, calculate the issue price. (FV of $1. PV of $1. FVA of $1. and PVA of S1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors, Enter your answers in dollars not in miilions. Round Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar) Book Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price Amount 5 40,500,000 $ 1.417.500 20 3.5% $ 41.917.500 References 2-b. The bonds will issue at A Discount