Week 6: Homework 0 Saved Help Save & Exit Submit M 11 Required information Part 2 of 3 [The following information applies to the questions displayed below] On January 1, 2021, Frontier World issues $40.5 million of 7% bonds, due in 10 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 Stunts water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. 990\" 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) (Use appropriate factor(s) from the Him tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Ask Print Face amount $ 40,500,000 References Interest payment $ 1,417,500 Periods to maturity 20 Market interest rate 3.5% Issue price $ 38,818,085: 2-b. The bonds will issue at