FINANCE

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?

asked by Mel
  1. this is a good one, I have to do the same problem, very nice

    posted by Anonymous
  2. yes

    posted by JJ
  3. 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

    posted by Kg

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