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Ultimate Butter Popcorn issues 7%, 10-year bonds with a face amount of $57,000. The market...

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Accounting

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Ultimate Butter Popcorn issues 7%, 10-year bonds with a face amount of $57,000. The market Interest rate for bonds of similar risk and maturity 15 7%. Interest is paid semiannually At what price will the bonds issue? (EV0f 1. PV of SLEVA of $1. and PVA of S1 (Use appropriate factor(s) from the tables provided Do not round Interest rate factors. Round Market Interest rate" to 1 decimal place.) Amount $ 57,000 Bond Characteristics Face amount Interest payment interest Periods tomat price

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