Nungesser Corporations outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 8 years to maturity,

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Nungesser Corporation’s outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 8 years to maturity, and an 8.5% YTM. What is the bond’s price?

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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Oct 05, 2011 07:58 AM

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Nungesser Corporations outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 8 years to maturity,

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