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the current market price of these bonds? Do not round intermediate calculations. Round your answer to the nearest cent Bond Valuation with Annual Payments Jackson

image text in transcribed the current market price of these bonds? Do not round intermediate calculations. Round your answer to the nearest cent

Bond Valuation with Annual Payments Jackson Corporation's bonds have 8 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 12%. The bonds have a yield to maturity of 13%. 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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