Nesmith Corporation's outstanding bonds have $1000 par value, a 7% semiannual coupon ,15 years to maturity,...

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Nesmith Corporation's outstanding bonds have $1000 par value, a 7% semiannual coupon ,15 years to maturity,...

Nesmith Corporation's outstanding bonds have $1000 par value, a 7% semiannual coupon ,15 years to maturity, and an $8 YTM. What is the bonds price? Round your answer to the nearest cent.

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Answer 1

Answer #1

If Semi Annual Coupon Nper 15*2 Pmt 1000*0.07*1/2 Rate 0.08*1/2 FV Pmt Nper $ 30 35.00 0.04 1,000.00 payment Number of period

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Answer 2

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