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BOND VALUATION Madsen Motors's bonds have 6 years remaining to maturity. Interest is paid annually;...

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BOND VALUATION Madsen Motors's bonds have 6 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 9%; and the yield to maturity is 11%. What is the bond's current market price? Round your answer to the nearest cent. $ BOND VALUATION Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 9 years to maturity, and an 8.5% YTM. What is the bond's price? Round your answer to the nearest cent. $

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