Question
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 17 years to maturity, and an 10% YTM. What is the bond's
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 17 years to maturity, and an 10% YTM. What is the bond's price? Round your answer to the nearest cent.
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
