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Bond valuation Callaghan Motors' bonds have 20 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 20 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 10.5%, and the yield to maturity is 11%.

What is the bond's current market price? Round your answer to the nearest cent.

Yield to maturity and future price

A bond has a $1,000 par value, 12 years to maturity, and a 8% annual coupon and sells for $980.

What is its yield to maturity (YTM)? Round your answer to two decimal places.

Assume that the yield to maturity remains constant for the next 3 years. What will the price be 3 years from today? Round your answer to the nearest cent.

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