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plz help me solve w/ formulas thank you Madsen Motors's bonds have 21 years remaining to maturity. Interest is paid annually, they have a $1,000
plz help me solve w/ formulas thank you 
Madsen Motors's bonds have 21 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 11%, and the yield to maturity is 13%. What is the bond's current market price? Round your answer to the nearest cent Step by Step Solution
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Routledge Handbook Of Social And Sustainable Finance
Authors: Othmar M. Lehner
1st Edition
1138343773, 978-1138343771
