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Madsen Motors's bonds have 18 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 12%6,

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Madsen Motors's bonds have 18 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 12%6, and the yield to maturity is 14%. What is the bond's current market price? Round your answer to the nearest cent. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 7 years to maturity, and a 12% rrM. What is the bond's price? Round your answer to the nearest cent

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