Question
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 10 years to maturity, and an 10.5% YTM. What is the bond's
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 10 years to maturity, and an 10.5% YTM. What is the bond's price? Round your answer to the nearest cent.
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
