Question
Madison motor's bonds have remaining balance of 23years. interest is paid annually; they have a 1,000 par value. the coupon interest rate is 9, and
Madison motor's bonds have remaining balance of 23years. interest is paid annually; they have a 1,000 par value. the coupon interest rate is 9, and the yield to maturity is 11. what is the Bond's current market price?
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Managerial Finance Essentials
Authors: Charles O. Kroncke, Alan E. Grunewald, Erwin Esser Nemmers
2nd Edition
0829901590, 978-0829901597
