Question: eBook Problem Walk-Through Problem 7-3 Bond valuation Nesmith Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 19 years to maturity, and

eBook Problem Walk-Through Problem 7-3 Bond valuation Nesmith Corporation's outstanding bonds

eBook Problem Walk-Through Problem 7-3 Bond valuation Nesmith Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 19 years to maturity, and an 10.5% YTM. What is the bond's price? Round your answer to the nearest cent

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