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Callaghan Motors bonds have 10 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 10.0%,
Callaghan Motors bonds have 10 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 10.0%, and the yield to maturity is 9.5%. What is the bonds current market price? Answer with 2 decimals ($1,000.00) Please Use Excel. Thank you!
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