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Madsen Motors's bonds have 12 years remaining to maturity. Interest is paid annuaily, they have a s1,000 par value, the coupon irterest rate is 11%,

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Madsen Motors's bonds have 12 years remaining to maturity. Interest is paid annuaily, they have a s1,000 par value, the coupon irterest rate is 11%, - and the vield to maturity is 12%. What is the band's current market price? found your answer to the nearest cent. 5

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