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5 pts Kidder Corporation's balance sheet shows an historical book value for long ! term debt (bonds, at par) of $23.500.000. The bonds have an

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5 pts Kidder Corporation's balance sheet shows an historical book value for long ! term debt (bonds, at par) of $23.500.000. The bonds have an 6.% coupon rate, payable semiannually and a par value of $1000. They mature exactly 10 years from today. The yield to maturity is 9.00%.so the bonds non sell below par. What is the current market value of the firm's debt? Hint: Calculate the price of the bonds, and multiply by number of bonds book Value 1000 to calculate market value. Your answer should be between 17,746.000 and 20054,000, with no special characters

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