1. Madsen Motors's bonds have 25 years remaining to maturity. Interest is paid annually; they...
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1. Madsen Motors's bonds have 25 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 7.5%; and the yield to maturity is 10%. What is the bond's current market price? Round your answer to the nearest cent.
2. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 16 years to maturity, and a 9.5% YTM. What is the bond's price? Round your answer to the nearest cent.
3. An 8% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 8.3338%.
*What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent.
*What is the bond's YTM?
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