Jackson Corporation’s bonds have 12 years remaining to maturity. Interest paid annually, the bonds have a $1,000 par value, and the coupon rate is…

Jackson Corporation’s bonds have 12 years remaining to maturity. Interest paid annually, the bonds have a $1,000 par value, and the coupon rate is 8%. The bonds have a yield to maturity of 9%. What is the current market price of these bonds?Rate of return if this demand orccurs.-50%(5)16 25 60

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