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On August 1 201t, Bonnie purchased $14.500 of Huber Co's 14% 14 year bonds at face value. Huber Co has pout the seria interest
On August 1 201t, Bonnie purchased $14.500 of Huber Co's 14% 14 year bonds at face value. Huber Co has pout the seria interest che on the bonds regularly. On August 1, 2019, market rates of interest had fallen to 12%, and fonnte is considering setting the bonds the the present value tables Cabled and Tablc.6.5) (Round your PV factors to 4 decimal places.) Required Calculate the market value of Bonnie's bonds on August 1, 2019 (Round your answer to 2 decimal places.)
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