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Nesmith Corporation's outstanding bonds have a $1,000 par value,a 12% semiannual coupon, 16 years to maturity, and a 16% YTM. Whatis the bond's price? Round

Nesmith Corporation's outstanding bonds have a $1,000 par value,a 12% semiannual coupon, 16 years to maturity, and a 16% YTM. Whatis the bond's price? Round your answer to the nearest cent. $ 2 answers

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