Martinez motors bonds have 11 years remaining to maturity


Question: Martinez Motors bonds have 11 years remaining to maturity. Interest is paid annually, they have a $1,000 par value; the coupon interest rate is 7 percent; and the yield to maturity is 4 percent. What is the bond's current market price? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Martinez motors bonds have 11 years remaining to maturity
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