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ASAP Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 16 years to maturity, and a 9% YTM. What is the
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Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 16 years to maturity, and a 9% YTM. What is the bond's price? Round your answer to the nearest cent. 5 Step by Step Solution
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Unlimited Business Financing
Authors: Trent Lee, Dr Chad Lee
1st Edition
1934275050, 9781934275054
