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Ultimate Butter Popcorn issues 7%, 20-year bonds with a face amount of $57,000. The market interest rate for bonds of similar risk and maturity is

Ultimate Butter Popcorn issues 7%, 20-year bonds with a face amount of $57,000. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually.

At what price will the bonds issue? (FV of $1, PV of $1, FVA of $1, and PVA of $1)

Q: What is the

interset payment?

Market intreset rate?

periods to maturity?

Issue price?

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