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Madsen Motors's bonds have 6 years remaining to maturity. Interest is paid annually, they have a $1,000 par value; the coupon Interest rates and the

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Madsen Motors's bonds have 6 years remaining to maturity. Interest is paid annually, they have a $1,000 par value; the coupon Interest rates and the yield to maturity is 7%. 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, an 12% semiannual coupon, 9 years to maturity, and an 8% YTM. What is the bonds price? Round your answer to the nearest cent

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