Question: 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

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? face amount, interest payment, market interest rate, periods of maturity, issue price.

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