Madsen motorss bonds have 7 years remaining to maturity, Ask an Expert

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Madsen Motors's bonds have 7 years remaining to maturity. Interest is paid annually they have a $1,000 par value; the coupon interest rate is 9.5%; and the yield to maturity is 12%. What is the bond current market value: the coupon o price? Round your answer to the nearest cent. $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92323920

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