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Question 5 of 7 A-Z Check My Work E eBook Problem Walk-through Madsen Motors's bonds have 9 years remaining to maturity. Interest is paid annually,

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Question 5 of 7 A-Z Check My Work E eBook Problem Walk-through Madsen Motors's bonds have 9 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon Interest rate is 8%, and the vield to maturity is 9%. What is the bond's current market price? Round your answer to the nearest cent. $ Chaw OD 41 PM AM/202

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