Callaghan motors bonds have 10 years remaining to maturity-, Business Management

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Callaghan motors bonds have 10 years remaining to maturity-

Callaghan Motors' bonds have 10 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest 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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Business Management: Callaghan motors bonds have 10 years remaining to maturity-

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