What is the bond price

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Bond valuation

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 10 years to maturity, and an 11% YTM. What is the bond's price? Round your answer to the nearest cent.

___________$   

Price and yield

A 7% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 7.6763%.

What is the bond's price? Round your answer to the nearest cent.

_________$   

What is the bond's YTM? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answers to two decimal places.

_____________%

Reference no: EM132007814

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