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Jackson Ltd is planning on raising new debtcapital through the issue of 1 2 % p . a . semiannua coupon bonds with a face

Jackson Ltd is planning on raising new debtcapital through the issue of

12 %

.

.

semiannua coupon bonds with a face value of$

100 .

These bonds will mature in six years. lfthe current market yield is

10 %

.

.

compounded annually, how much wil each ofWhitman's bonds cost

(

choose the closetyalue

) ?

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