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2. Problem 7.03 (Bond Valuation) $ 2. Problem 7.03 (Bond Valuation) eBook Nesmith Corporation's outstanding Problem Walk-Through bonds have a $1,000 par value, a 6%

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2. Problem 7.03 (Bond Valuation) $

2. Problem 7.03 (Bond Valuation) eBook Nesmith Corporation's outstanding Problem Walk-Through bonds have a $1,000 par value, a 6% semiannual coupon, 19 years to maturity, and an 8% YTM. What is the bond's price? Round your answer to the nearest cent.

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