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3. Problem 7.03 (Bond Valuation) Problem Walk Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 10 years to maturity,

3. Problem 7.03 (Bond Valuation) Problem Walk Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 10 years to maturity, and a 7% YTM. What is the bond's price? Round your answer to the nearest cent $

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