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On March 1, 2011, Catherine purchased $60,000 of Tyson Co.'s 6%, 17-year bonds at face value. Tyson Co. has regularly paid the annual interest due
On March 1, 2011, Catherine purchased $60,000 of Tyson Co.'s 6%, 17-year bonds at face value. Tyson Co. has regularly paid the annual interest due on the bonds. On March 1, 2016, market interest rates had risen to 10%, and Catherine is considering selling the bonds. Use present value tables.(Round your PV factors to 4 decimal places.) Required: Calculate the market value of Catherines bonds on March 1, 2016.
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