Callaghan motors bonds have 10 years remaining to maturity


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%, and the yield to maturityis 9%. What is the bond's current market price?

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Finance Basics: Callaghan motors bonds have 10 years remaining to maturity
Reference No:- TGS0602478

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