Brief Exercise 9-18 Calculate the issue price of bonds (LO9-7) Ultimate Butter Popcorn issues 7%, 10-year bonds with a face amount of $44,000. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually. At what price will the bonds issue? (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. Round"Market interest rate" to 1 decimal place.) Bond Characteristics Amount Face amount $ 44,000 Interest payment Market interest rate Periods to maturity Issue price