what is issue price

Brief Exercise 9-21 (Algo) Calculate the issue price of bonds (LO9-7) Ultimate Butter Popcorn issues 7%, 15-year bonds with a face amount of $54,000. The market interest rate for bonds of similar risk and maturity is 8%. 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 provided. 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 $ 54,000 $ 1,890 4.0% 30