Ultimate Butter Popcorn issues 6%, 15-year bonds with a face amount of $56,000. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually.

At what price will the bonds issue?

value 10.00 points You did not receive cre Brief Exercise 9-4 Calculate the issue price of bonds (LO3) Ultimate Butter Popcorn issues 6%, 15-year bonds with a face amount of $56,000. 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.) Bond Characteristics Amount Face amount nterest payment Market interest rate Periods to maturity Issue price 56,000 1,500 2.5% 30