How do you calculate the bond value suing semiannual analysis? Bond is 1000 par value, annual interest of 9 percent and yield to maturity is 12 percent annual interest. There are 15 years to maturity.
Callaghan Motors' bonds have 25 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 12%, and the yield to maturity is 5%. What is the bond's current market price? Round your answer to the nearest cent.
