EB eBook Problem Walk-Through 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 12%, and the yield to maturity is 13%. What is the bond's current market price? Round your answer to the nearest cent. $ Grade it Now Save & Continue Continue without saving

Madsen Motors's bonds have 12 vears remaining to maturity, Interest is paid annualhy, they have a $1,000 par value, the coupon interest rate is 12%, and the vieid ta maturtly is: 13W. What is the band's current market price? plound your answer to the nearest cent