thank you. Requlred Informatlon[The following information applies to the questions displayed below.]On January 1. 2021, Wild Rapids Water Park issues $39.1 million of 9% bonds to finance expansion. The bonds are due in20 years, with interest payable semiannually on June 30 and December 31 each year.Required:1-a. If the market rate is 8%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use approprlate factor(s) from thetables provided. Do not round Interest rate factors. Enter your answers In dollars not In mllllons. Round "Market Interest rate" to 1decimal place. Round your final answers to the nearest whole dollar.)Bond CharacteristicsAmountFace amount39,100,000Interest paymentPeriods to maturityMarket interest rateIssue price1-b. The bonds will issue atOA DiscountOA PremiumO Face amount

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1-a. 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 mlons. Round "Market Interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Bond Characteristics Amount Face amount Interest payment Periods to maturity Market interest rate 30,100,000 Issue price 1-b. The bonds will issue at O A Discount OA Premium O Face amount

1-a. 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 mlons. Round "Market Interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Bond Characteristics Amount Face amount Interest payment Periods to maturity Market interest rate 30,100,000 Issue price 1-b. The bonds will issue at O A Discount OA Premium O Face amount

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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