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and state whether the bond is a discount or premium and explain your rationale. the formula that is used for this would be very helpful!!

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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