How do you calculate the bond value suing semiannual analysis? Bond is 1000 par value, annual interest of 9 percent and yield to maturity is 12 percent annual interest. There are 15 years to maturity.
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Callaghan Motors' bonds have 25 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 12%, and the yield to maturity is 5%. What is the bond's current market price? Round your answer to the nearest cent.
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