Question: 2. Problem 7.03 (Bond Valuation) ER eBook Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 9 years to

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

2. Problem 7.03 (Bond Valuation) ER eBook Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 9 years to maturity, and a 15% YTM. What is the bond's price? Round your answer to the nearest cent. $

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