On august 1 2005 bonnie purchased 23000 of huber cos 18 15

Reference no: EM13576154

On August 1, 2005 Bonnie purchased $23,000 of Huber Co's 18%, 15 year bonds at face value. Huber Co has paid the semiannual interest due on the bonds regularly. On August 1, 2012 market rates of interest had falled to 16% and Bonnie is considering selling the bonds. Use the present value tables.

Calculate the market value of Bonnie's bonds on August 1, 2012.

Reference no: EM13576154

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