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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 6.5%;
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 6.5%; and the yield to maturity is 11%. What is the bond's current market price? Round your answer to the nearest cent. Cake AssignmentMain.do?takeAssignmentSessionLocator-assignment-take,376d8005-03d9-46c9-9e1d-fbc5dbfd0959#
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
