The coupon interest rate, Financial Accounting

Jackson Corporation's bonds have 12 years remaining to maturity. Interest is paid yearly, the bonds have a $1,000 par value, and the coupon interest rate is 10.5%. The bonds have a yield to maturity of 6%. What is the present  market price of these bonds?

 

Posted Date: 3/28/2013 3:41:34 AM | Location : United States







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