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7-1 BOND VALUATION Madsen Motors's bonds have 23 years remaining to maturity, Interest is paid annually, they have a $1,000 par value, the coupon interest

7-1 BOND VALUATION Madsen Motors's bonds have 23 years remaining to maturity, Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 9%, and the yield to maturity is 11%. What is the bond's current market price

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