Question: Ultimate Butter Popcorn issues 5%, 20-year bonds with a face amount of $58,000. The market interest rate for bonds of similar risk and maturity is

Ultimate Butter Popcorn issues 5%, 20-year bonds with a face amount of $58,000. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price will the bonds issue?

2.Ultimate Butter Popcorn issues 5%, 10-year bonds with a face amount of $55,000. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually. At what price will the bonds issue?

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