Problem 7 - What is the bond’s current market price N=10

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Problem 7-1 BOND VALUATION Callaghan Motors’ bonds have 10 years remaining to maturity. Interest is paid annually, they have $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 9%.
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Unformatted text preview: What is the bond’s current market price? N=10...
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