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Ultimate Butter Popcorn issues 5%,15-year bonds with a face amount of $58,000. The market interest rate for bonds of similar risk and maturity is 5%.

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Ultimate Butter Popcorn issues 5%,15-year bonds with a face amount of $58,000. 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.)

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