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Ultimate Butter Popcorn issues 6 % , 2 0 - year bonds with a face amount of $ 5 0 , 0 0 0 .
Ultimate Butter Popcorn issues year bonds with a face amount of $ The market interest rate for bonds of similar risk and maturity is Interest is paid semiannually.
At what price will the bonds issue? FV of $ PV of $ FVA of $ and PVA of $Use appropriate factors from the tables provided. Do not round interest rate factors. Round "Market interest rate" to decimal place.
tableBond Characteristics,Amount,Face amount,$Interest payment,,Market interest rate,,Number of periods,,Issue price,$
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