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March 27, 2015

Homework Help: Finance

Posted by Ashley on Tuesday, August 30, 2011 at 1:07pm.

Johnson Motors’ bonds have 0 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon rate is 8 percent. The bonds have a yield to maturity of 9 percent. What is the current market price of these bonds?

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