[The following information applies to the quest On January 1, 2021, Frontier World issues $40. on June 30 and December 31 each year. The p water ride, a dark tunnel, and the great smell of Required: 1-a. If the market rate is 8%, calculate the issue price. tables provided. Do not round interest rate factors. E decimal place. Round your final answers to the neare Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price Amount S 40,700,000 $ 1,831,500 40 4.0% 1-b. The bonds will issue at OA Discount OA Premium O Face amount search E Required information [The following information applies to the questions displayed below.] On January 1, 2021, Frontier World issues $40.7 million of 9% bonds, due in 20 years, with interes on June 30 and December 31 each year. The proceeds will be used to build a new ride that comi water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. Required: 1-a. If the market rate is 8%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions. Rou decimal place. Round your final answers to the nearest whole dollar.) Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price Amount $ 40,700,000 1,831,500 40 4.0%