Question: 2. Problem 7.03 (Bond Valuation) ebook Problem Walk Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 20 years to
2. Problem 7.03 (Bond Valuation) ebook Problem Walk Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 20 years to maturity, and a 15% YTM What is the band's price? Round your answer to the nearest cent
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