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this is all that is given in the question. Required information Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9-7) [The following information applies
this is all that is given in the question.
Required information Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9-7) [The following information applies to the questions displayed below.] On January 1, 2024, Tropical World issues $39.8 million of 8% bonds, due in 15 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, o dark tunnel, and the great smell of outdoor barbeque, all in one ride. Exercise 9-21 (Algo) Part 2 2-a. If the market rate is 8%, calculate the issue price. [FV of \$1, PV of \$1, EVA of \$1, and PVA of \$1] 2-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 rete is 8%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) (Use appropriate factoris) from the tables provided. Enter your answers in dollars not in millions (ile., $5.5 million should be entered as 5,500,000), Round your final answers to the nearest whole dellar.) Required information Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9-7) [The following information applies to the questions displayed below.] On January 1, 2024, Tropical World issues $39.8 million of 8% bonds, due in 15 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. Exercise 9-21 (Algo) Part 2 2-a. If the market rate is 8%, calculate the issue price. (FV of \$1, PV of \$1, FVA of \$1, and PVA of \$1) 2-b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. Will the bonds issue at face amount, a discount, or a premiumStep by Step Solution
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