[The following information applies to the questions displayed below.] On January 1, 2021, Frontier World issues $40.1 million of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 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.

1-8. If the market rate is 8%, calculate the issue price. (FV of $1, PV of $1. FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Bond Characteristics Amount Face amount 40,100,000 Interest payment Periods to maturity Market interest rate Issue price 1-b. The bonds will issue at A Discount A Premium Face amount 2-a. If the market rate is 9%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Bond Characteristics Amount Face amount 40.100.000 Interest payment Periods to maturity Market interest rate Issue price 2-b. The bonds will issue at OA Discount A Premium O Face amount 3-a. If the market rate is 10%, calculate the issue price. (FV of $1. PV of $1., FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Bond Characteristics Amount Face amount 40,100,000 Interest payment Periods to maturity Market interest rate Issue price 3-b. The bonds will issue at A Discount A Premium Face amount