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

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BOND VALUATION 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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