Question
Nesmith Corporation's outstanding bonds have a $1,000 par value, an 11% semiannual coupon, 13 years to maturity, and a 14% YTM. What is the bond's
Nesmith Corporation's outstanding bonds have a $1,000 par value, an 11% semiannual coupon, 13 years to maturity, and a 14% YTM. What is the bond's price? Round your answer to the nearest cent.
$____
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
