Question: Keep the Highest/1 7. Problem 7.03 (tlond Valuation) ebook Problem Walkthrough Nesmith Corporation's outstanding bonds have a $1,000 par vahonan 11% emiannual coupon, 15 years

Keep the Highest/1 7. Problem 7.03 (tlond Valuation) ebook Problem Walkthrough Nesmith Corporation's outstanding bonds have a $1,000 par vahonan 11% emiannual coupon, 15 years to maturity, and a 13% YTM. What is the band's price? Round your answer to the nearest cent. $ Grade it Now Save & Continue Continue without saving

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