What is the current market price of these bonds

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Reference no: EM131958230

Jackson Corporation's bonds have 12 yrs remaining. Interest is paid annually, the bonds have a $1000 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?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131958230

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