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(Solution) - On August 1 2002 Bonnie purchased 15 000 of Huber Co s

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On August 1, 2002, Bonnie purchased $15,000 of Huber Co.?s 10%, 20-year bonds at face value. Huber Co. has paid the semiannual interest due on the bonds regularly. On August 1, 2010, market rates of interest had fallen to 8%, and Bonnie is considering selling the bonds.

Required:
Using the present value tables in Chapter 6, calculate the market value of Bonnie?s bonds on August 1, 2010.

 







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This question was answered on: Jul 11, 2017

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