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Jackson corporations bonds have 7 years remaining to

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?

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Financial Management: Jackson corporations bonds have 7 years remaining to

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Now Priced at $15 (50% Discount)

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Financial Management: Jackson corporations bonds have 7 years remaining to

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