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TB EX Qu. 9-212 On January 1, 2021, Water Wonderland issues... On January 1, 2021, Water Wonderland issues $30 million of 7% bonds, due in

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TB EX Qu. 9-212 On January 1, 2021, Water Wonderland issues... On January 1, 2021, Water Wonderland issues $30 million of 7% bonds, due in nine years, with interest payable semiannually on June 30 and December 31 each year. Use Table 2 and Table 4 1. If the market rate is 6%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price. (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount, Enter your answer in dollars, not in millions.) TABLE 2 Present Value of $1 LE 4 Present Value of an Ordinary Annuity of $1 1xa1 TB EX Qu. 9-212 On January 1, 2021, Water Wonderland issues... On January 1, 2021, Water Wonderland issues $30 million of 7% bonds, due in nine years, with interest payable semiannually on June 30 and December 31 each year. Use Table 2 and Table 4 1. If the market rate is 6%, will the bonds issue at face amount, a discount, or a premium? Calculate the issue price. (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount, Enter your answer in dollars, not in millions.) TABLE 2 Present Value of $1 LE 4 Present Value of an Ordinary Annuity of $1 1xa1

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