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Click here to read the eBook: Bond Valuation Problem Walk-Through BOND VALUATION Madsen Motors's bonds have 20 years remaining to maturity. Interest is paid annually,

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Click here to read the eBook: Bond Valuation Problem Walk-Through BOND VALUATION Madsen Motors's bonds have 20 years remaining to maturity. Interest is paid annually, they have a $1,000 par value; the coupon interest rate is 9.5%; and the yield to maturity is 8%, what is the bond's current market price? Round your answer to the nearest cent

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