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Five years ago, Jackson Corporation issued twenty - five - year 1 0 % annual coupon bonds with a $ 1 , 0 0 0
Five years ago, Jackson Corporation issued twentyfiveyear annual coupon bonds with a $ face value each. Since then, interest rates in general have risen, and the yield to maturity on the Jackson Corporation bonds is now Given this information, what is the price of the bonds today?Multiple Choice$$$$$
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