Jackson Corporation's bonds have 8 years remaining to maturity. Interest is paid annually, the bonds have a

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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 9%. The bonds have a yield to maturity of 10%. What is the current market price of these bonds? Do not round intermediate calculations. Round your answer to the nearest cent.

Posted Date: May 18, 2024 12:12 PM

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Jackson Corporation's bonds have 8 years remaining to maturity. Interest is paid annually, the bonds have a

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