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Find the current market price of these bonds

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Reference no: EM131958270

Jackson Corporation's bonds have 7 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10.75%.

The bonds have a yield to maturity of 16.75%. What is the current market price of these bonds?

Reference no: EM131958270

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