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Madsen Motors's bonds have 8 years remaining to maturity, interest is paid annually they have a $1,000 par value the coupon interest rate is 11:5;

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Madsen Motors's bonds have 8 years remaining to maturity, interest is paid annually they have a $1,000 par value the coupon interest rate is 11:5; and the yield to maturity is 2. What is the bond's current market price? Round your answer to the nearest cent

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