Question
Bond valuation Callaghan Motors' bonds have 13 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate
Bond valuation Callaghan Motors' bonds have 13 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 10%. What is the bond's current market price? Round your answer to the nearest cent.
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Bond Markets Analysis And Strategies
Authors: Frank J Fabozzi
8th Edition
013274354X, 9780132743549
