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Ultimate Butter Popcorn issues 6%, 15-year bonds with a face amount of $53,000. The market interest rate for bonds of similar risk and maturity is

Ultimate Butter Popcorn issues 6%, 15-year bonds with a face amount of $53,000. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually. At what price will the bonds issue?

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