On august 1 2002 bonnie purchased 15000 of huber cos 10

Reference no: EM13596561

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, calculate the market value of Bonnie's bonds on August 1, 2010. (Round pv factor to 4 decimal places and the final answer to 2 decimal places.

Reference no: EM13596561

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