jackson corporations bonds have 12 years, Financial Accounting

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jackson corporations bonds have 12 years

Jackson Corporation's bonds have 12 years remaining to maturity. Interest is paid yearly, the bonds have a $1,000 par value, and the coupon interest rate is 10.5%. The bonds have a yield to maturity of 6%. What is the present market price of these bonds?

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Financial Accounting: jackson corporations bonds have 12 years

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