Question: 2. Problem 7.03 (Bond Valuation) eBook Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 20 years to maturity,

2. Problem 7.03 (Bond Valuation) eBook Problem Walk-Through Nesmith Corporation's outstanding

2. Problem 7.03 (Bond Valuation) eBook Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 20 years to maturity, and an 11% YTM. What is the bond's price? Round your answer to the nearest cent. $ Grade it Now Save & Continue

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