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Bond Valuation 7-3 Problem Bond valuation Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 19 years to maturity, and an

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7-3 Problem Bond valuation Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 19 years to maturity, and an 10.5% YTM. What is the bond's price? Round your answer to the nearest cent

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