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Madsen Motors's bonds have 21 years remaining to maturity. Interest is paid annually, they have a...

Madsen Motors's bonds have 21 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, 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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