Callaghan motors bonds have 10 years to maturity interest


Callaghan motors bonds have 10 years to maturity. Interest paid annually, they have $1000 par value, the coupon interest rate is 8% and the yield to maturity is 9%. What is the bond's current market price?

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Finance Basics: Callaghan motors bonds have 10 years to maturity interest
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Now Priced at $10 (50% Discount)

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