Ultimate Butter Popcorn issues 6%, 20-year bonds with a face amount of $53,000. The market interest rate for bonds of simila and maturity is 6%. 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 p Do not round interest rate factors.

Round "Market interest rate" to 1 decimal place.)

Bond Characteristics

Face amount

Interest payment

Market interest rate

Number of periods

Issue price Amount

Brief Exercise 9-20 (Algo) Calculate the issue price of bonds (LO9-7) Ultimate Butter Popcom issues 6%,20-year bonds with a face amount of $53,000. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price will the bonds issue? (EV of \$1, PV of \$1, EVA of \$1, and PVA of S1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors, Round "Market interest rate" to 1 decimal place.)