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Question of 7. Check My Wodk 3 eBook Problem Walk-Through Madsen Motors's bonds have 16 years remaining to maturity. Interest is paid annually, they have

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Question of 7. Check My Wodk 3 eBook Problem Walk-Through Madsen Motors's bonds have 16 years remaining to maturity. Interest is paid annually, they have a $1,000 per valus, the coupon interest rate is 74, and the yield te maturity is 8%. What is the bond's current market price? Round your answer to the nearest cent. $ Check My Work Olenke De M 557 Hare

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