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Question 17 5 pt Kidder Corporation's balance sheet shows an historical book value for long-term debt (bonds, at parj of 523,500,000. The bonds have an

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Question 17 5 pt Kidder Corporation's balance sheet shows an historical book value for long-term debt (bonds, at parj of 523,500,000. The bonds have an 6.4% coupon rate, payable semiannually, and a par value of $1,000. They mature exactly 10 years from today. The yield to maturity is 9.95%, so the bonds now sell below par. What is the current market value of the firm's debt?! Hint: Calculate the price of the bonds, and multiply by number of bonds (book value/1,000) to calculate market value. Your answer should be between 17,746,000 and 20,054,000, with no special characters. stion 18

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