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Madsen Motors's bonds have 8 years remaining to maturityInterest is paid annually, they have a $ 1 , 0 0 0 par value, the coupon

Madsen Motors's bonds have

8

years remaining to maturityInterest is paid annually, they have a $

1, 000

par value, the coupon interest rate is

8 %

and the yield to maturity is

10 %

What is the band's current market price? Round your answer to the nearest cent

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