Question
Problem 7-3 Bond valuation Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 8 years to maturity, and an 9% YTM.
Problem 7-3 Bond valuation
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 8 years to maturity, and an 9% YTM. What is the bond's price? Round your answer to the nearest cent.
$
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Risk Management And Financial Institutions
Authors: John C. Hull
3rd Edition
1118269039, 9781118269039
