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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 8%; and the Vield to maturity is 0%. What is the bond's current market price? Round your answer to the nearest cent. OS

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