Question
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 8 years to maturity, and a 16% YTM. What is the bond's
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 8 years to maturity, and a 16% YTM. What is the bond's price? Round your answer to the nearest cent. $
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
