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The purpose of this calculation question is for you to compute the fair value of the financial liabilities of XYZ Company. XYZ Company has only

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The purpose of this calculation question is for you to compute the fair value of the financial liabilities of XYZ Company. XYZ Company has only 1 financial liability. It is a non-callable publicly traded bond. Here are your facts to input into this question: Maturity value of the bond = $230,000,000 Coupon Rate for the bond is 4.80% paid semi-annually. Bond matures on the last day of the firm's financial year. Last Financial Year end - the yield to maturity was 4.38% based on doubling the periodic yield. . Last Financial Year end - bond had exactly 18 years to maturity This Year Financial Year end - the yield to maturity demanded by the market is 5.68% (based on doubling the periodic rate) Required: Compute the fair value of the bond to be reported on this year's balance sheet. Round to the nearest dollar and do NOT include the dollar sign in your response

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