Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 13 years to maturity, and an 10% YTM. What is the bond's price? Round your answer to the nearest cent. YIELD TO MATURITY A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 6 years at $1,207, and currently sell at a price of $1,364.88 a. What is their nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. b. What is their nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places. C. What return should investors expect to earn on these bonds? I. Investors would not expect the bonds to be called and to earn the YTM because the YTM is greater than the YTC II. Investors would not expect the bonds to be called and to earn the YTM because the YTM is less than the YTC. III. Investors would expect the bonds to be called and to earn the YTC because the YTC is less than the YTM. IV. Investors would expect the bonds to be called and to earn the YTC because the YTM is less than the YTC. V.Investors would expect the bonds to be called and to earn the YTC because the YTC is greater than the YTM Select- Bond X is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. Your required return on Bond X is 996; if you buy it, you plan to hold it for 5 years. You (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 10.5%. How much should you be willing to pay for Bond X today? (Hint: You will need to know how much the bond will be worth at the end of 5 years.) Do not round intermediate calculations. Round your answer to the nearest cent