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Nungesser Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 7 years to maturity, and an 9.5% YTM. What is the bond's
Nungesser Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 7 years to maturity, and an 9.5% YTM. What is the bond's price? Round your answer to the nearest cent.$
Callaghan Motors' bonds have 20 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 10.5%, and the yield to maturity is 13%. What is the bond's current market price? Round your answer to the nearest cent.$
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