1. Nesmith Corp. Outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 9 years...
1. Nesmith Corp. Outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 9 years to maturity and an 8% YTM. What is the bonds price? Round to nearest cent.
2. A bond has a $1,000 par value, 20 years to maturity and a 5% annual coupon and sells for $860.
a. What is the YTM. =6.24% (got this part on my own need help with part b)
b. Assume that the YTM remains constant for the next 3 years. What will the price be 3 years from today?
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1. Nesmith Corp. Outstanding bonds have a $1,000 par value, a 7%
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q 13
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