On January 1, 2024, Adventure World issues $40.4 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. Required: 1-a. If the market rate is 8%, calculate the issue price. (EV of $1. PV of $1. EVA of $1, and PVA of SD 1-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 1b 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. Enter your answers in dollars not in millions (e. $5.5 million should be entered as 5,500,000). Round your final answers to the nearest whole dollar) Amount Bond Characteristics Face amount Interest payment Number of periods Market interest rate sue price $ 40,400,000

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