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Ultimate Butter Popcorn issues 6%, 20-year bonds with a face amount of $59,000. The market interest rate for bonds of similar risk and maturity is
Ultimate Butter Popcorn issues 6%, 20-year bonds with a face amount of $59,000. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually.At what price will the bonds issue?
| Bond Characteristics | Amount |
| Face amount | $59,000 |
| Interest payment | |
| Market interest rate | |
| Periods to maturity | |
| Issue price |
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Advanced Audit And Assurance Study Text
Authors: KAPLAN
1st Edition
178740398X, 978-1787403987
