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Madsen Motors's bonds have 17 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 9%,
Madsen Motors's bonds have 17 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 9%, and the yield to maturity is 12%. What is the bond's current market price? Round your answer to the nearest cent
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The Financial Diet A Total Beginners Guide To Getting Good With Money
Authors: Chelsea Fagan, Lauren Ver Hage
1st Edition
1250176166, 978-1250176165
