Question: 37. > 38 39. 40. 9-3: Bond Valuation Problem Walk-Through Bond valuation Callaghan Motors' bonds have 5 years remaining to maturity. Interest is paid annually,

37. > 38 39. 40. 9-3: Bond Valuation Problem Walk-Through Bond valuation Callaghan Motors' bonds have 5 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 9.5%, and the yield to maturity is 13%. What is the bond's current market price? Round your answer to the nearest cent. $ 0-Icon Key

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