Madsen Motors's bonds have 17 years remaining to maturity. Interest is paid annually, they have...
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Accounting
Madsen Motors's bonds have 17 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yiedd to maturity is 10%. What is the bond's current market price? Round your answer to the nearest cent
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