[The following information applies to the questions displayed below.]

On January 1, 2021, Frontier World issues $40.2 million of 7% bonds, due in 10 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.

If the market rate is 6%, calculate the issue price.(FV of $1,PV of $1,FVA of $1, andPVA 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.)

I need help with determining the :

Face Amount

Interest Payment

Periods to maturity

Market interest rate

Issue Price