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eBook H Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 18 years to maturity, and a 13% YTM.

eBook H Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 18 years to maturity, and a 13% YTM. What is the bond's price? Round your answer to the nearest cent

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