(Answered) On august 1 2008 bonnie purchased 30000 of huber cos 10

Accounting

On August 1, 2008, Bonnie purchased $30,000 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, 2016, market rates of interest had fallen to 8%, and Bonnie is considering selling the bonds. Calculate the market value of Bonnie's bonds on August 1, 2016.

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