Question

Madsen Motors's bonds have 18 years remaining to maturity. Interest is paid annually, they have a...

Madsen Motors's bonds have 18 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 maturity is 12%. What is the bond's current market price? Round your answer to the nearest cent.

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 10 years to maturity, and a 16% YTM. What is the bond's price? Round your answer to the nearest cent.

A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 5 years at $1,177.20, and currently sell at a price of $1,319.10. What are their nominal yield to maturity and their nominal yield to call? Do not round intermediate calculations. Round your answers to two decimal places.

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