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solve Madsen Motors's bonds have 11 years remaining to maturity. Interest is paid annually, they have a $1,000 por value, the coupon interest iate is
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Madsen Motors's bonds have 11 years remaining to maturity. Interest is paid annually, they have a $1,000 por value, the coupon interest iate is 7%, and the vield to maturity is 10%. What is the bonds current market price? Round your answer to the nearest cent 
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