Question: Ultimate Butter Popcorn issues 7%, 15-year bonds with a face amount of $41,000. The market, interest rate for bonds of similar risk and maturity risk

Ultimate Butter Popcorn issues 7%, 15-year bonds with a face amount of $41,000. The market, interest rate for bonds of similar risk and maturity 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)

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