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On March 1, 2014, Catherine purchased $60,000 of Tyson Co's 8%, 17-year bonds at face value. Tyson Co. has regularly paid the annual interest
On March 1, 2014, Catherine purchased $60,000 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, 2019, 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, 2019. (Round your answer to 2 decimal places.) Market value
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