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Madison Inc. just issued bonds with a par value of $1,000, an annual coupon rate of 3.5%, coupons paid semiannually, and a maturity of 10
Madison Inc. just issued bonds with a par value of $1,000, an annual coupon rate of 3.5%, coupons paid semiannually, and a maturity of 10 years? The bonds have a yield to maturity of 5.1%. What is the price of these bonds? Enter your answer as a number with 2 decimal places of precision. Do not enter dollar signs or commas. Do not enter your answer as a negative number
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
