Question: Exercise 7.18 LO 7-8 Bonds payable-calculate market value On March 1, 2017, Catherine purchased $450,000 of Tyson Co.'s 10%, 20-year bonds at face value. Tyson

Exercise 7.18 LO 7-8 Bonds payable-calculate market value On March 1,

Exercise 7.18 LO 7-8 Bonds payable-calculate market value On March 1, 2017, Catherine purchased $450,000 of Tyson Co.'s 10\%, 20-year bonds at face value. Tyson Co. has regularly paid the annual interest due on the bonds. On March 1, 2022, market interest rates had risen to 12%, and Catherine is considering selling the bonds. Required: Using the present value tables in Chapter 6, calculate the market value of Catherine's bonds on March 1, 2022

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