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What is the current market price of the bonds

Question:

Jackson Corporation's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 8%. The bonds have a yield to maturity of 9%. What is the current market price of these bonds?

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Finance Basics: What is the current market price of the bonds

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Finance Basics: What is the current market price of the bonds

Reference No:- TGS02055441

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