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Brief Exercise 9-18 Calculate the issue price of bonds (LO9-7) Ultimate Butter Popcorn issues 5%, 15-year bonds with a face amount of $43,000. The market

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Brief Exercise 9-18 Calculate the issue price of bonds (LO9-7) Ultimate Butter Popcorn issues 5%, 15-year bonds with a face amount of $43,000. The market interest rate for bonds of similar risk and maturity is 5%. 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.) Amount $ 43,000 Bond Characteristics Face amount Interest payment Market interest rate Periods to maturity Issue price

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