Callaghan motors bonds have 19 years remaining to maturity, Financial Management

Callaghan motors bonds have 19 years remaining to maturity

Bond valuation

Callaghan Motors' bonds have 19 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 6%, and the yield to maturity is 8%. What is the bond's current market price? Round your answer to the nearest cent. please show the numbers you would compute in excel.

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Financial Management: Callaghan motors bonds have 19 years remaining to maturity

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Financial Management: Callaghan motors bonds have 19 years remaining to maturity

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