b. Assume that the yield to maturity remains constant for the next three years. What will the price be 3 years from today? Bond price= 80*PVIFA (8.27 2. Nesmith Corporation's outstanding bonds have a $1,000 par value, an 8% semiannual coupon, 14 years to maturity, and an 11% YTM. What is the bond's price? Semi interest= 1,000* 08*6/12= 40 Current bond price 3. You are considering a 10-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require an "effective" annual interest rate (not a nominal rate) of 7.1225%, how much should you be willing to pay for the bond