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Brief Exercise 9-18 Calculate the issue price of bonds (L09-7) Ultimate Butter Popcorn issues 7%, 10-year bonds with a face amount of $57,000. The market

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Brief Exercise 9-18 Calculate the issue price of bonds (L09-7) Ultimate Butter Popcorn issues 7%, 10-year bonds with a face amount of $57,000. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually, At what price will the bonds issue? (EV of $1. PV of S1. FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round"Market interest rate" to 1 decimal place.) Answer is not complete. Bond Characteristics Amount Face amount s 57.000 Interest payment Market interest rate Periods to maturity 20 Issue price >

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