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

Ultimate 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? (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.)

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