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Callaghan Motors' bonds have 10 years remaining to maturity BOND VALUATION Interest is paid annually, they have a $1,000 par value, the coupon interest rate

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Callaghan Motors' bonds have 10 years remaining to maturity BOND VALUATION Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 9%. What is the bond's current market price? 7-1 7-2 YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985. a. What is its yield to maturity (YTM)? b. Assume that the yield to maturity remains constant for the next 3 years. What will the price be 3 years from today

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