Question: 2 . 3. . B 4. eBook Problem Walk-Through Madsen Motors's bonds have 10 years remaining to maturity. Interest is paid annually, they have a

2 . 3. . B 4. eBook Problem Walk-Through Madsen Motors's bonds have 10 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon o interest rate is 9%, and the yield to maturity is 12%. What is the bond's current market price? Round your answer to the nearest 5. cent. 6. . $ 7. 8. 9. 10

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