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The following information applies to the questions dispiayed below On January 1,2018, Frontier World issues $41 million of 9% bonds due in 20 years with
The following information applies to the questions dispiayed below On January 1,2018, Frontier World issues $41 million of 9% bonds due in 20 years with interest payable semiennually on June 30 and December 31 each year. The proceeds will be used to build 8 new ride that combines water ride,dark tunnel, and the great smell of outdoor barbeque, all in one ride. oller coaster, a Required information 0.83 points Required: E P E and P )(Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in 1 a If he market rate is 8%, calculate the issue price. millions.) o o o 0 Bond C Face amount Interest payment Market interest rate Periods to maturity Issue prioe S 41,000,000 S 1,845,000 1-b. The bonds will issue at A Premium Face amount A Discount
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