Ultimate Butter Popcorn issues 5%, 10-year bonds with a face amount of $58,000. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually.
At what price will the bonds issue? (FV of $1, PV of $1, FVA 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.)
Face amount = ??
Interest Payment = ??
Market Interest Rate = ??
Periods to Maturity = ??
Issue Price = ??