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S Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 14 years to maturity, and a 12% YTM. What is
S Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 14 years to maturity, and a 12% YTM. What is the bond's price? Round your answer to the nearest cent.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
