Question
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 8 years to maturity, and a 15% 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 15% YTM. What is the bond's price? Round your answer to the nearest cent.
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
