Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 13 years to maturity, and a 9% YTM. What is the bond's price? Round your answer to the nearest cent. $
Price of bond = Coupon * PVIFA (n,i)+ face value * PVIF (n,i)
Price of bond= (1000*6%/2)* PVIFA (26, 4.5%) + 1000* PVIF (26,4.5%)
Price of bond = 30 * 15.14661144757190+ 1000 *0.318402484859264
= $ 772.80
Hence the correct answer is $ 772.80
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 13 years to...
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 18 years to maturity, and a 9% YTM. What is the bond's price? o Round your answer to the nearest cent.
Nesmith Corporation's outstanding bonds have a $1,000 par value, an 11% semiannual coupon, 9 years to maturity, and a 15% YTM. What is the bond's price? Round your answer to the nearest cent.
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 17 years to maturity, and a 12% YTM. What is the bond's price? Round your answer to the nearest cent.
7.3 Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 12 years to maturity, and an 8% YTM. What is the bond's price? Round your answer to the nearest cent.
q 13 Nesmith Corporation's outstanding bonds have a $1,000 par value, an 8% semiannual coupon, 20 years to maturity, and a 12% YTM. What is the bond's price? Round your answer to the nearest cent.
Nesmith Corporation's outstanding bonds have a $1,000 par value, an 11% semiannual coupon, 12 years to maturity, and an 8% YTM. What is the bond's price? Round your answer to the nearest cent.
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 16 years to maturity, and a 7% YTM. What is the bond's price? Round your answer to the nearest cent.
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 14 years to maturity, and an 7% YTM. What is the bond's price? Round your answer to the nearest cent.
eBook Problem Walk-Through Nesmith Corporation's outstanding bonds have a $1,000 par value, an 11% semiannual coupon, 7 years to maturity, and a 13% YTM. What is the bond's price? Round your answer to the nearest cent.
BOND VALUATION Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 11 years to maturity, and an 11% YTM. What is the bond's price? Round your answer to the nearest cent. Bond Price=$______