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Ultimate Butter Popcorn Issues 5%, 20-year bonds with a face amount of $40,000. The market interest rate for bonds of similar risk and maturity is

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Ultimate Butter Popcorn Issues 5%, 20-year bonds with a face amount of $40,000. 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. EVA 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.) Amount $ 40,000 Bond Characteritics Face amount Interest payment Market interest rate Periods to maturity Issue price

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