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Brief Exercise 9-19 Calculate the issue price of bonds (L09-7) Ultimate Butter Popcorn issues 5%, 20-year bonds with a face amount of $58,000. The market

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Brief Exercise 9-19 Calculate the issue price of bonds (L09-7) Ultimate Butter Popcorn issues 5%, 20-year bonds with a face amount of $58,000. The market interest rate for bands of similar risk and maturity is 6%. Interest is paid semiannually, At what price will the bonds issue? (FV of $1. PV of $1. FVA of $1and 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 $ 58.000 Bond Characteristics Face amount Interest payment Market interest rate Periods to maturity Issue price

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