Question: Ultimate Butter Popcorn issues 7%, 10-year bonds with a face amount of $47,000. The market interest rate for bonds of similar risk and maturity is

Ultimate Butter Popcorn issues 7%, 10-year bonds with a face amount of $47,000. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually At what price will the bonds issue? (EV of $1. PV of $1. EVA of S1, and PVA of S1) (Use appropriate factor(a) from the tables provided. Do not round interest rate factors. Round"Market interest rate" to 1 decimal place.) Amount $ 47 000 Bond Characteristics Face amount Interest payment Market interest rate Periods to maturity Issue price

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