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HELP Required information Exercise 9-18A Calculate the issue price of bonds (LO9-7) [The following...

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Required information Exercise 9-18A Calculate the issue price of bonds (LO9-7) [The following information applies to the questions displayed below.] On January 1, 2021, Frontier World issues $41 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. Exercise 9-18A Part 1 Required: 1-a. If the market rate is 8%, calculate the issue price. ( FV of $1, PV of $1, FVA of $1, and (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions. Round your final answers to the nearest whole dollar.)

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