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    Find the Market Price of a Bond

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    Jackson Corporation's bonds have 12 years remaining to maturity. Interest is paid 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?

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    https://brainmass.com/business/bond-valuation/find-the-market-price-of-a-bond-451599

    Solution Summary

    This solution illustrates how to compute the market price of a bond.

    $2.19

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