Martinez motors bonds have 10 years remaining to maturity, Ask an Expert

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Martinez Motors bonds have 10 years remaining to maturity. Interest is paid annually , they have $1,000 par value; the coupon interest rate is 10 percent and the yield to maturity is 10.5 percent What is the bonds current market price?

a. $1,000

b. $836. 56

c. $969. 93

d. $601. 48

e. $1,100.00

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Financial Management, Finance

Category:- Financial Management
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