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can you make sure you show the work 7-1 7-2 BOND VALUATION Callaghan Motors's bonds have 10 years remaining to maturity. Interest is paid annually;

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7-1 7-2 BOND VALUATION Callaghan Motors's bonds have 10 years remaining to maturity. 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? 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. What is its yield to maturity (YTM)? b. Assume that the yield to maturity remains constant for the next three years. What will the price be 3 years from today

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