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BOND VALUATION Madsen Motors's bonds have 10 years remaining to maturity. Interest is paid annually, they have a $1,000 par value; the coupon interest rate

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BOND VALUATION Madsen Motors's bonds have 10 years remaining to maturity. Interest is paid annually, they have a $1,000 par value; the coupon interest rate is 8%; and the yield to maturity is 5%. what is the bond's current market price? Round your answer to the nearest cent

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