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Ultimate Butter Popcorn issues 5%, 15-year bonds with a face amount of $49,000. The market interest rate for bonds of similar risk and maturity is

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Ultimate Butter Popcorn issues 5%, 15-year bonds with a face amount of $49,000. 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.) Bond Characteristics Face amount A mount 49.000 Interest payment Market interest rate Periods to maturity Issue price

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