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\mathrm{.}5$ million should be entered as $5,500,000).$ Round your final answers to the nearest whole dollar.$)$

$\backslash$table$[[$Bond Characteristics,Amount$],[$Face amount,$$,26,000,000$