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Compute what current market price of bonds for jackson corp

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Reference no: EM132958513

Problem 1: Jackson Corporation's bonds have 8 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 12%. The bonds have a yield to maturity of 13%. What is the current market price of bonds? Do not round intermediate calculations. Round your answer to the nearest cent.

Reference no: EM132958513

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