What is the bond current market price in given case

Reference no: EM131996196

Question: Martinez Motors bonds have 11 years remaining to maturity. Interest is paid annually, they have a $1,000 par value; the coupon interest rate is 7 percent; and the yield to maturity is 4 percent. What is the bond's current market price? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131996196

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