The bonds have a yield to maturity of 12 what is the, Financial Management

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The bonds have a yield to maturity of 12 what is the

Jackson Corporation's bonds have 5 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 6.5%. The bonds have a yield to maturity of 12%. What is the current market price of these bonds? Round your answer to the nearest cent.

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Financial Management: The bonds have a yield to maturity of 12 what is the

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Financial Management: The bonds have a yield to maturity of 12 what is the

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