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Check My Work (1 remaining) eBook Problem Walk-Through Madsen Motors's bonds have 8 years remaining to maturity. Interest is paid annually, they have a $1,000

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Check My Work (1 remaining) eBook Problem Walk-Through Madsen Motors's bonds have 8 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 13%, and the yield to maturity is 13%. What is the bond's current market price? Round your answer to the nearest cent. o $ eBook Given the following information, determine the beta coefficient for Stock L that is consistent with equilibrium: ft. - 8.5%; re-2.5%: -8.5%. Round your answer to two decimal places

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