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please help!! Madsen Motors's bonds have 10 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate
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Madsen Motors's bonds have 10 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 6%, and the yleld to maturity is 7%. What is the bond's current market price? Round your answer to the nearest cent Step by Step Solution
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