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Jackson Corporations bonds have 12 years remaining to maturity. Interest is paid semi-annually, the bonds have a $1,000 par value, and the coupon interest rate
Jackson Corporations bonds have 12 years remaining to maturity. Interest is paid semi-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?
$928.39
$1507.34
$902.93
$927.52
$514.67
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