Calculate the market value of catherine bonds on march

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Question - On March 1, 2014, Catherine purchased $60,000 of Tyson Co.'s 4%, 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 8%, and Catherine is considering selling the bonds. Calculate the market value of Catherine's bonds on March 1, 2019.

Reference no: EM133180976

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