Question
Problem 7-3 Bond valuation Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 12 years to maturity, and an 7% YTM.
Problem 7-3 Bond valuation
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 12 years to maturity, and an 7% YTM. What is the bond's price? Round your answer to the nearest cent.
$
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Finance For Non Financial Managers
Authors: Gene Siciliano
1st Edition
0071413774, 978-0071413770
