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Question: 1. Ultimate Butter Popcorn issues 6%, 10-year bonds with a face amount of $50,000. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually. At what price will the bonds issue?

2. Ultimate Butter Popcorn issues 6%, 15-year bonds with a face amount of $50,000. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually. At what price will the bonds issue?

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Basic Finance, Finance

Category:- Basic Finance
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