Check my work Brief Exercise 9-18 Calculate the issue price of bonds (LO9-7) Ultimate Butter Popcorn issues 6%, 20-year bonds with a face amount of $48,000. The market interest rate for bonds 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 $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.) ook Amount 48,000 erences Bond Characteristics Face amount Interest payment Market interest rate Periods to maturity Issue price