Question
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 8 years to maturity, and a 10% YTM. What is the bond's
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 8 years to maturity, and a 10% YTM.
What is the bond's price? Round your answer to the nearest cent.
$_____
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
