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PROBLEMS 7-1 BOND VALUATION Callaghan Motors' bond have 10 years remaining to maturity. Inter-est is paid annually, they have a $1,000 par value, the coupon

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PROBLEMS 7-1 BOND VALUATION Callaghan Motors' bond have 10 years remaining to maturity. Inter-est 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

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