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Callaghan motors bonds have 10 years remaining to maturity

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Reference no: EM13573434

Callaghan Motors' bonds have 10 years remaining to maturity.Interest is paid annually; they have a 1000 per value; the couponinterest rate is 8 percent; and the yield to maturity is 9 percent. What is the bond's current market price?

Reference no: EM13573434

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