Question: 6. Problem 7.01 (Bond Valuation) eBook B Problem Walk-Through Madsen Motors's bonds have 7 years remaining to maturity. Interest is paid annually, they have a

6. Problem 7.01 (Bond Valuation) eBook B Problem Walk-Through Madsen Motors's

6. Problem 7.01 (Bond Valuation) eBook B Problem Walk-Through 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%, and the yield to maturity is 12%. What is the bond's current market price? Round your answer to the nearest cent. $ Grade it Now Save & Continue Continue without saving

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