Question: 8. Problem 7.03 (Bond Valuation) E eBook 1 Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 15 years

8. Problem 7.03 (Bond Valuation) E eBook 1 Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 15 years to maturity, and a 9.5% YTM. What is the bond's price? Round your answer to the nearest cent. $

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