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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

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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 6%, and the yield to maturity is 84. What is the band's current market price? Round your answer to the nearest cent. $

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