Solved: Johnson motorss bonds have 10 years remaining to maturity, Finance Basics

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Johnson motorss bonds have 10 years remaining to maturity

Question: Johnson Motors's bonds have 10 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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Finance Basics: Johnson motorss bonds have 10 years remaining to maturity

Reference No:- TGS02427854

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