Question: Problem Walk - Through Nesmith Corporation's outstanding bonds have a $ 1 , 0 0 0 par value, a 1 2 % semiannual coupon, 1

Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 14 years to maturity, and a 16% YTM. What is the bond's pr your answer to the nearest cent.

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