Question: problem 7.03 3. Problem 7.03 (Bond Valuation) eBook Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 15 years

problem 7.03

3. Problem 7.03 (Bond Valuation) eBook Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 15 years to maturity, and a 7.5% YTM. What is the bond's price? Round your answer to the nearest cent. $

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