Exercise $9-21($Static$)$ Part $3$

$3-$a$.$ If the market rate is $10\%,$ calculate the issue price. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

$3-$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 $10\%,$ 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 millions $($i$.$e$.,$ $$5\mathrm{.}5$

million should be entered as $5,500,000).)$

$1$