Question: Theater Butter Popcorn issues 7 % , 1 5 - year bonds with a face amount of $ 6 0 , 0 0 0 .

Theater Butter Popcorn issues 7%,15-year bonds with a face amount of $60,000. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually. At what price will the bonds issue? Use Present Value tables to compute the answer. Table 2 Factor is _________ times what number?_________equals _________Table 4 Factor is__________times what number?____________equals______Add the two numbers together to get _______________________

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