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On August 1, 2014, Bonnie purchased $17.500 of Huber Company's 14%, 16-year bonds at face value. Huber Company has paid the semiannual interest due
On August 1, 2014, Bonnie purchased $17.500 of Huber Company's 14%, 16-year bonds at face value. Huber Company has paid the semiannual interest due on the bonds regularly. On August 1, 2022, market rates of interest had fallen to 12%, and Bonnie is considering selling the bonds. Use the present value tables (Table 6-4 and Table 6-5) Required: Calculate the market value of Bonnie's bonds on August 1, 2022. Note: Round your PV factors to 4 decimal places. Round your answer to 2 decimal places. Market value
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