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Madsen Motors bonds have 9 years remaining to maturity. Interest is paid annually; they have $1000 per value; the coupon interest rate is 11%; and
Madsen Motors bonds have 9 years remaining to maturity. Interest is paid annually; they have $1000 per value; the coupon interest rate is 11%; and the yield to maturity is 7%. What is the bonds current market price? Round your answer to the nearest cent.
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Handbook Of Hedge Funds
Authors: François-Serge Lhabitant
1st Edition
0470026634, 978-0470026632
