Question: Click here to read the eBook: Bond Valuation Problem Walk-Through BOND VALUATION Madsen Motors's bonds have 16 years remaining to maturity. Interest is paid annually:

Click here to read the eBook: Bond Valuation Problem Walk-Through BOND VALUATION Madsen Motors's bonds have 16 years remaining to maturity. Interest is paid annually: they have a $1,000 par values the coupon interest rate is 8%; and the yield to maturity is 10%. What is the bond's current market price? Round your answer to the nearest cent

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