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Nesmith Corporation's outstanding bonds have $1000 par value, a 7% semiannual coupon ,15 years to maturity, and an $8 YTM. What is the bonds price?
Nesmith Corporation's outstanding bonds have $1000 par value, a 7% semiannual coupon ,15 years to maturity, and an $8 YTM. What is the bonds price? Round your answer to the nearest cent.
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