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Ultimate Butter Popcom issues 5%, 15-year bonds with a face amount of $43.000. The market interest rate for bonds of similar risk and maturity is
Ultimate Butter Popcom 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 , 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.)
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