What is the current market price of bonds

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Question 1

Jackson Corporation's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have $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?

Question 2

Wilson Wonders's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest is 10%. The bonds sell at a price of $850. What is their yield to maturity?

Reference no: EM132566050

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