Question
Madsen Motor's bonds have 23 years remaining to maturity. Interest is paid annually; they have a $1000 par value; the coupon interest rate is 9%.
Madsen Motor's bonds have 23 years remaining to maturity. Interest is paid annually; they have a $1000 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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Technical Analysis The Complete Resource for Financial Market Technicians
Authors: Charles D. Kirkpatrick, Julie R. Dahlquist
1st edition
134137043, 134137049, 978-0131531130
