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On March 1, 2011, Catherine purchased exist60,000 of Tyson Co.'s 8%, 17-year bonds at face value. Tyson Co. has regularly paid the annual interest due

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On March 1, 2011, Catherine purchased exist60,000 of Tyson Co.'s 8%, 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 12%, and Catherine is considering selling the bonds. Use present value tables (Table 6-4 and Table 6-5) (Round your PV factors to 4 decimal places.) Required: Calculate the market value of Catherine's bonds on March 1, 2016. (Round your answer to 2 decimal places.) Market value

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