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Nesmith Corporation's outstanding bonds have a $1,000 par value, a 11% semiannual coupon, 12 years to maturity, and a 7% YTM. What is the bond's
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 11% semiannual coupon, 12 years to maturity, and a 7% YTM. What is the bond's price? Round your answer to the nearest cent. $
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Business Analytics
Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann
5th Edition
0357902211, 978-0357902219
