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Jackson Corp $1,000 par value bonds currently sell for $856.92. The coupon rate is 8 percent, paid semi annually. If the bonds have 8 years

Jackson Corp $1,000 par value bonds currently sell for $856.92. The coupon rate is 8 percent, paid semi annually. If the bonds have 8 years before maturity, what is the yield to maturity on the bonds?

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