On March $1,2017,$ Catherine purchased $$60,000$ of Tyson Company's $8\%,17-$year bonds at face value. Tyson Company 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. Use present value tables $($Table $6-4$ and Table $6-5)$

Required:

Calculate the market value of Catherine's bonds on March $1,2022.$

Note: Round your PV factors to $4$ decimal places. Round your answer to $2$ decimal places.