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Uitimate Butter Popcorn issues 7%,10-year bonds with a face amount of $47,000. The market interest rate for bonds of similar risk and maturity is 7%.

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Uitimate Butter Popcorn issues 7%,10-year bonds with a face amount of $47,000. 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. EVA of \$1. and PVA of \$1) (Use appropriate factoris) from the tables provided. Do not round interest rate factors. Round "Market interest rate" to 1 decimal place.)

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