answer each component PLEASE. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 12 years to maturity, and a 10.5% YTM. What is the bond'sprice? Round your answer to the nearest cent.%24 A 7% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 7.6575%.What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent.24What is the bond's YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round youranswers to two decimal places.

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Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 12 years to maturity, and a 10.5% YTM. What is the bond's price? Round your answer to the nearest cent. 24

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 3EB: Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual...

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Question

answer each component PLEASE.

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 12 years to maturity, and a 10.5% YTM. What is the bond's
price? Round your answer to the nearest cent.
%24

A 7% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 7.6575%.
What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent.
24
What is the bond's YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your
answers to two decimal places.

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