Question
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 7 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, 7 years to maturity, and a 10% YTM. What is the bond's price? Round your answer to the nearest cent.
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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
