Nungesser corporations outstanding bonds have a 1000 par


Bond valuation

Nungesser Corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 13 years to maturity, and an 7.5% YTM. What is the bond's price? Round your answer to the nearest cent.

$

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Financial Management: Nungesser corporations outstanding bonds have a 1000 par
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