Question
Bond Valuation with Annual Payments Jackson Corporation's bonds have 13 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value,
Bond Valuation with Annual Payments
Jackson Corporation's bonds have 13 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 8%. The bonds have a yield to maturity of 9%. What is the current market price of these bonds? Do not round intermediate calculations. Round your answer to the nearest cent.
$
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High Frequency Financial Econometrics
Authors: Yacine Aït Sahalia, Jean Jacod
1st Edition
0691161437, 978-0691161433
