Question
Problem 7-3 Bond valuation Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 14 years to maturity, and an 10% YTM.
Problem 7-3 Bond valuation
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 14 years to maturity, and an 10% YTM. What is the bond's price? Round your answer to the nearest cent.
$
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Renewable Energy Finance Funding The Future Of Energy
Authors: Charles W Donovan
2nd Edition
1786348594, 9781786348593
