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Ultimate Butter Popcorn issues 6%, 20-year bonds with a face amount of $59,000. The market interest rate for bonds of si
Posted: Fri Jul 01, 2022 8:27 am
by answerhappygod
- Ultimate Butter Popcorn Issues 6 20 Year Bonds With A Face Amount Of 59 000 The Market Interest Rate For Bonds Of Si 1 (16.72 KiB) Viewed 22 times
Ultimate Butter Popcorn issues 6%, 20-year bonds with a face amount of $59,000. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price will the bonds issue? (EV of $1. PV of $1. EVA of $1. and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round Market interest rate" to 1 decimal place.) Bond Characteristics Face amount Interest payment Market interest rate Periods to maturity Issue price Amount $ 59,000