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Madsen Motors' bonds have 23 years remaining to maturity. Interest is paid annually. The bonds have a $1,000.00 par value. The coupon rate is 13.00%.

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Madsen Motors' bonds have 23 years remaining to maturity. Interest is paid annually. The bonds have a $1,000.00 par value. The coupon rate is 13.00%. The yield to maturity is 9.20%. Calculate the bond's current market price. 0 1,396 1,358 0 1,323 O 1,289 1,256

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