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Exercise 9-22(Static) Part 2 2-a. If the market rate is 7%, calculate the...

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Accounting

Exercise 9-22(Static) Part 2
2-a. If the market rate is 7%, 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.
If the market rate is 7%, calculate the issue price.(FV of $1, PV of $1, FVA of $1, and PVA of $1)(Note: Use tables, Excel, or a financial calculator. Enter your answers in dollars not in millions (i.e., $5.5 million should be entered as 5,500,000). Round your final answers to the nearest whole dollar.)
\table[[Bond Characteristics,Amount],[Face amount,$,26,000,000
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