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[ The following information applies to the questions displayed below. ] On January 1 , 2 0 2 4 , Ocean World issues $ 3
The following information applies to the questions displayed below.
On January Ocean World issues $ million of bonds, due in years, with interest payable semiannually on June and December each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride.
a If the market rate is calculate the issue price. EV of $ of $FVA of $ and PVA of $
b Will the bonds issue at face amount, a discount, or a premium?
Complete this question by entering your answers in the tabs below.
If the market rate is calculate the issue price.FV of $ of $ FVA of $ and PVA of $Use appropriate factors from the tables provided. Enter your answers in dollars not in millions ie $ million should be entered as Round your final answers to the nearest whole dollar.
tableBond Characteristics,AmountFace amount,$
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