Exercise 9-21 (Static) Part 2 2-a. If the market rate is 9%, 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. Req 2a Req 2b 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. Enter your answers in dollars not in millions (i.e., $5.5 million should be entered as 5,500,000). Round your final answers to the nearest whole dollar.) Bond Characteristics Amount $ 41,000,000 Face amount Interest payment Number of periods Market interest rate Issue price < Req 2a Req 2b >
Exercise 9-21 (Static) Part 2 2-a. If the market rate is 9%, 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. Req 2a Req 2b 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. Enter your answers in dollars not in millions (i.e., $5.5 million should be entered as 5,500,000). Round your final answers to the nearest whole dollar.) Bond Characteristics Amount $ 41,000,000 Face amount Interest payment Number of periods Market interest rate Issue price < Req 2a Req 2b >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exercise 9-21 (Static) Part 2
2-a. If the market rate is 9%, 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.
Req 2a
Req 2b
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. Enter your answers in dollars not in millions (i.e., $5.5 million should be entered as
5,500,000). Round your final answers to the nearest whole dollar.)
Bond Characteristics
Amount
$
41,000,000
Face amount
Interest payment
Number of periods
Market interest rate
Issue price
< Req 2a
Req 2b >
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