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eBook Problem Walk - Through Nesmith Corporation's outstanding bonds have a $ 1 , 0 0 0 par value, an 1 1 % semiannual coupon,

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Nesmith Corporation's outstanding bonds have a $1,000 par value, an 11% semiannual coupon, 17 years to maturity, and a 13% YTM. What is the bond's price?
Round your answer to the nearest cent.
$
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