The coupon interest rate is 105 and the yield to maturity


1. Madsen Motors's bonds have 11 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 13%. What is the bond's current market price? Round your answer to the nearest cent. $

2. B&G Inc. has an average accounts receivable collection period of 46 days and a daily average accounts receivable balance of $35153. What is B&G’s annual credit sales?

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Financial Management: The coupon interest rate is 105 and the yield to maturity
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