Interest is paid annually they have a 1000 par value the


Madsen Motor's bonds have 23 years remaining to maturity. Interest is paid annually; they have a $1000 par value; the coupon interest rate is 9%. And the yield to maturity is 11%. What is the bond's current market price?

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Finance Basics: Interest is paid annually they have a 1000 par value the
Reference No:- TGS02686756

Now Priced at $10 (50% Discount)

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