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6. Jackson Corporations bonds have 24 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest

6. Jackson Corporations bonds have 24 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 12%. The bonds have a yield to maturity of 8%. What is the current market price of these bonds?
7. Wilson Corporations bonds have 25 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value and the coupon interest rate is 6%. The bonds sell at a price of $521. What is their yield to maturity?
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