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What is the bond price for nesmith corporation

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Reference no: EM132659612

Problem Walk-Through

Question 1: Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 11 years to maturity, and a 13% YTM. What is the bond's price? Round your answer to the nearest cent.

Reference no: EM132659612

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