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Madsen Motor's bonds have 12 years remaining to maturity. Interest is paid annually, they have a $1,000 per value, the couponinterest rate is 10%, and
Madsen Motor's bonds have 12 years remaining to maturity. Interest is paid annually, they have a $1,000 per value, the couponinterest rate is 10%, and the yeild to maturity is 13%. What is the bond's current market price? Round your answer to the nearest cent.
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Risk Sensitive Investment Management
Authors: Mark H A Davis, Sébastien Lleo
1st Edition
9814578037, 978-9814578035
