Question
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 9 years to maturity, and an 8% YTM. What is the bond's
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 9 years to maturity, and an 8% YTM. What is the bond's price? Round your answer to the nearest cent.
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
