About the bond valuation, Callaghan Motors' bonds have 19

About the bond valuation

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Reference no: EM131012291

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.

Reference no: EM131012291

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