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Bond valuation $ 9-3: Bond Valuation Problem Walk-Through Bond valuation Callaghan Motors' bonds have 11 years remaining to maturity. Interest is paid annually, they have

Bond valuation $

9-3: Bond Valuation Problem Walk-Through Bond valuation Callaghan Motors' bonds have 11 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 11%, and the yield to maturity is 5%. What is the bOnd's current marker price? Rond your.answer to the nearest cent.

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