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Nesmith Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 15 years to maturity, and an 7% YTM. What is the bond's
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 15 years to maturity, and an 7% YTM. What is the bond's price? Round your answer to the nearest cent.
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
7th Edition
0324171730, 978-0324171730
