Aggie Satellite Corp. issued 10,000 debenture bonds with a face value of $32,000 each and a bond interest rate of 14% per year, payable quarterly. The bonds have a maturity date of 13 years. If the inflation- free interest rate is 17% per year, and the inflation rate is 7.5%, what is the present worth of one bond to a person who wants to purchase it?

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The Answer of Aggie Satellite Corp. issued 10,000 debenture bonds with a face value of $32,000 each and a bond interest rate of 14% per year, payable quarterly. The bonds have a maturity date of 13 years. If the inflation- free interest rate is 17% per year, and the inflation rate is 7.5%, what is the present worth of one bond to a person who wants to purchase it?