Question: Attempts 7. Problem 7.01 (Bond Valuation) E eBook Problem Walk-Through Madsen Motors's bonds have 19 years remaining to maturity. Interest is paid annually, they have

Attempts 7. Problem 7.01 (Bond Valuation) E eBook Problem Walk-Through Madsen Motors's bonds have 19 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 11%, and the yield to maturityis 12%. What is the bond's current market price? Round your answer to the nearest cent. Grade it Now Save & Continue Continue without saving Do No Harm/1

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