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1. Jackson Corp $1,000 par value bonds currently sell for $856.92. The coupon rate is 8%, paid semi annually. If the bonds have 8 years
1. Jackson Corp $1,000 par value bonds currently sell for $856.92. The coupon rate is 8%, paid semi annually. If the bonds have 8 years before maturity, what is the yield to maturity on the bonds?
3. Gar, Inc. has issued a $1,000 par 9% annual coupon bond that is to mature in 14 years. If your required rate of return is 11%, what price would you be willing to pay for the bond?
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