February 24, 2017

Homework Help: FINANCE

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?

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