Question: Problem 7 . 0 3 ( Bond Valuation ) Question 3 of 9 Check My Work Nesmith Corporation's outstanding bonds have a $ 1 ,

Problem 7.03(Bond Valuation)
Question 3 of 9
Check My Work
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 17 years to maturity, and a 16% YTM. What is the bond's price? Round your answer to the nearest cent.
$
Problem 7.03(Bond Valuation) Question 3 of 9 Check My Work Nesmith

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