Posted by Mel on Tuesday, September 18, 2007 at 7:12pm.
Bond valuation
Callaghan Motors’ bonds have 10 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 8 percent; and the yield to maturity is 9 percent. What is the bond’s current market price?

FINANCE  Anonymous, Tuesday, October 23, 2007 at 10:09am
this is a good one, I have to do the same problem, very nice

FINANCE  JJ, Sunday, May 29, 2011 at 3:35pm
yes

FINANCE  Kg, Wednesday, June 22, 2011 at 4:01pm
Bond valuation
Callaghan Motors’ bonds have 10 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 8 percent; and the yield to maturity is 9 percent. What is the bond’s current market price
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