Click here to read the eBook: Bond Valuation Problem Walk-Through BOND VALUATION Madsen Motors's bonds have 23 years remaining to maturity, Interest is paid annually, they have a $1,000 par value; the coupon Interest rate is 10.5%; and the yield to maturity is 7%. What is the bond's current market price? Round your answer to the nearest cent Click here to read the eBook: Bond Valuation 11 Problem Walk-Through BOND VALUATION Bond X is noncallable and has 20 years to maturity, a annual coupon, and a $1,000 par value Your required return on Hond X 12% if you buy it, you plan to hold it for years. You (and the market) have expectations that in 5 years, the yield to matury on a 15-year bond with similar risk will be. How much should you be willing to pay for Bond Xtoday (Hint: You will need to know how much the bond will be worth at the end of 5 years.) Do not round intermediate calculations, Hound your answer to the nearest cent. Click here to read the eBook Bond Yields Click here to read the clock: Changes in Bond Values over Time BOND RETURNS Last year lanet purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 10.86%. If Sanet told the bond today for $1,143.96, what rate of return would she have earned for the past year? Do not round Intermediate calculations, Round your answer to two decimal places