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Attempts: Keep the Highest: 10.5 1. Problem 7.01 (Bond Valuation) Problem Walk-Through eBook Madsen Motors's bonds have 12 years remaining to maturity. Interest is paid

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Attempts: Keep the Highest: 10.5 1. Problem 7.01 (Bond Valuation) Problem Walk-Through eBook Madsen Motors's bonds have 12 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 10%, and the yield to maturity is 11%. What is the bond's current market price? Round your answer to the nearest cent. $ Grade it Now Save & Continue Continue without saving

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